< Back to H.R. 3646 (107th Congress, 2001–2002)

Text of the To amend the Small Business Act to increase the maximum amount for which a loan can be made under the ...

...made under the Microloan Program.

This bill was introduced on January 29, 2002, in a previous session of Congress, but was not enacted. The text of the bill below is as of Jan 29, 2002 (Introduced).

Source: GPO

HR 3646 IH

107th CONGRESS

2d Session

H. R. 3646

To amend the Small Business Act to increase the maximum amount for which a loan can be made under the Microloan Program.

IN THE HOUSE OF REPRESENTATIVES

January 29, 2002

Mr. HILLARD introduced the following bill; which was referred to the Committee on Small Business


A BILL

To amend the Small Business Act to increase the maximum amount for which a loan can be made under the Microloan Program.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. INCREASE OF MAXIMUM MICROLOAN AMOUNT.

    Section 7(m) of the Small Business Act (15 U.S.C. 636(m)) is amended in paragraphs (1)(B)(iii), (3)(E), and (11)(B) by striking ‘$35,000’ each place it appears and inserting ‘$50,000’.