HR 2235 · 105th Congress · Commerce

Small Business Microloan Program Improvement Act

Introduced 1997-07-24· Sponsored by Rep. Baldacci, John Elias [D-ME-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Small Business.(1997-07-24)

Plain Language Summary

[AI summary unavailable — showing source text] Small Business Microloan Program Improvement Act - Amends the Small Business Act to: (1) increase from $2.5 million to $3.5 million the individual loan limit under the Microloan Demonstration Program (a program providing assistance to women, low-income, and other underprivileged and minority businesses); (2) revise loan loss reserve fund requirements for Program intermediaries; and (3) extend through FY 2000 the authorization of appropriations for the Program (renamed the Microloan Program).…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. LaFalce, John J. [D-NY-29]NY