About the bill
H.R. 2056 modernizes the Small Business Administration’s (SBA) Microloan program, which offers small businesses microloans of $50,000 or less through nonprofit lending intermediaries. In addition to providing lending services, the intermediary is also required to provide technical assistance and training to their borrowers and prospective borrowers. H.R. 2056 raises the total limit on outstanding loans held by microloan intermediaries from $5 million to $6 million. Next, the legislation provides flexibility to the 25/75 Rule, which limits a microloan intermediary to using 25 percent of their SBA technical assistance grants on pre-loan assistance or on third-party contracts. The new ratio is 50/50. To gain a better understanding of the program’s utilization, H.R. 2056 directs the SBA to conduct a study on the usage of the program. Finally, the legislation requires a …
Sponsor and status
115th Congress (2017–2019)
Provisions of this bill were incorporated into other bills which were enacted.
This bill was incorporated into:
11 Cosponsors (8 Democrats, 3 Republicans)
Position statements
What legislators are saying
“Murphy Measure to Help Departing Servicemembers Successfully Transition to Civilian Life Set to Become Law”
—
Rep. Stephanie Murphy [D-FL7, 2017-2022]
(Sponsor)
on Jul 26, 2018
“Jenniffer Gonzlez discute oportunidades para el desarrollo econmico mediante la contratacin federal”
—
Commish. Jenniffer González-Colón [R-PR]
(Co-sponsor)
on Aug 17, 2018
“The Week Ahead - scheduled votes, committee action and other important notes for the week of July 24, 2017”
—
Rep. David Young [R-IA3, 2015-2018]
on Jul 24, 2017
History
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Apr 6, 2017
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Introduced
Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber. |
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Jun 15, 2017
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Ordered Reported
A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee. |
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Jul 12, 2017
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Reported by House Committee on Small Business
A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions. |
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Jul 24, 2017
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Passed House (Senate next)
The bill was passed in a vote in the House. It goes to the Senate next. The vote was by voice vote so no record of individual votes was made. |
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May 24, 2018
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Final Bill —
Passed House (Senate next)
This activity took place on a related bill, H.R. 5515 (115th), possibly in lieu of similar activity on H.R. 2056 (115th). |
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Jun 18, 2018
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Final Bill —
Passed Senate with Changes (back to House)
This activity took place on a related bill, H.R. 5515 (115th), possibly in lieu of similar activity on H.R. 2056 (115th). |
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Jul 18, 2018
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Companion Bill —
Passed Senate (House next)
This activity took place on a related bill, S. 526 (115th), possibly in lieu of similar activity on H.R. 2056 (115th). |
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Jul 26, 2018
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Final Bill —
Conference Report Agreed to by House (Senate next)
This activity took place on a related bill, H.R. 5515 (115th), possibly in lieu of similar activity on H.R. 2056 (115th). |
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Aug 1, 2018
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Final Bill —
Conference Report Agreed to by Senate
This activity took place on a related bill, H.R. 5515 (115th), possibly in lieu of similar activity on H.R. 2056 (115th). |
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Aug 13, 2018
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Final Bill —
Enacted — Signed by the President
This activity took place on a related bill, H.R. 5515 (115th), possibly in lieu of similar activity on H.R. 2056 (115th). |
H.R. 2056 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 2056. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
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“H.R. 2056 — 115th Congress: Microloan Modernization Act of 2017.” www.GovTrack.us. 2017. February 4, 2023 <https://www.govtrack.us/congress/bills/115/hr2056>
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GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.
