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HR 440 - 106

Microloan Program Technical Corrections Act of 1999

Became Public Law No: 106-22.

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Summary

36 Passed House amended May 9, 2007

TABLE OF CONTENTS: Microloan Program Technical Corrections Act of 1999 - Amends provisions of the Small Business Act relating to the Microloan Program (a program making loans to small businesses for startup or materials and equipment costs) to: (1) delete provisions restricting the amount of loan funds made available to any single State and require the Small Business Administration (SBA) to ensure that at least $800,000 of new loan funds are available to each State in any fiscal year; (2) revise the loan loss reserve fund levels required of loan intermediaries; (3) direct the SBA Administrator, after the first five years of an intermediary's participation in the Program, to review the annual loss rate of such intermediary; and (4) authorize the Administrator, under certain circumstances, to reduce the annual loan loss reserve requirement to reflect the average annual loan loss rate of an intermediary, except that no loan loss reserve shall be reduced to less than ten percent of the outstanding balance of the notes receivable owed to the intermediary.

35 Passed Senate amended Feb 3, 2000

Microloan Program Technical Corrections Act of 1999 - Amends provisions of the Small Business Act relating to the Microloan Program (a program making loans to small businesses for startup or materials and equipment costs) to: (1) require the Small Business Administration (SBA) to make available for award under such Program to each State, the District of Columbia, Puerto Rico, the Virgin Islands, Guam, and American Samoa an amount equal to the sum of the lesser of $800,000 or one fifty-fifth of the total amount of new loan funds available for such fiscal year plus such additional amount determined appropriate (authorizing a redistribution of unused funds among such States and territories and possessions); (2) revise the loan loss reserve fund levels required of loan intermediaries; (3) direct the SBA Administrator, after the first five years of an intermediary's participation in the Program, to review the annual loss rate of such intermediary; and (4) authorize the Administrator, under certain circumstances, to reduce the annual loan loss reserve requirement to reflect the average annual loan loss rate of an intermediary, except that no loan loss reserve shall be reduced to less than ten percent of the outstanding balance of the notes receivable owed to the intermediary.

00 Introduced in House Feb 3, 2000

Microloan Program Technical Corrections Act of 1999 - Amends provisions of the Small Business Act relating to the Microloan Program (a program making loans to small businesses for startup or materials and equipment costs) to: (1) delete provisions restricting the amount of loan funds made available to any single State and require the Small Business Administration (SBA) to ensure that at least $800,000 of new loan funds are available to each State in any fiscal year; (2) revise the loan loss reserve fund levels required of loan intermediaries; (3) direct the SBA Administrator, after the first five years of an intermediary's participation in the Program, to review the annual loss rate of such intermediary; and (4) authorize the Administrator, under certain circumstances, to reduce the annual loan loss reserve requirement to reflect the average annual loan loss rate of an intermediary, except that no loan loss reserve shall be reduced to less than ten percent of the outstanding balance of the notes receivable owed to the intermediary.

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Timeline

Apr 27, 1999

Signed by President.

Apr 27, 1999

Signed by President.

Apr 27, 1999

Became Public Law No: 106-22.

Apr 27, 1999

Became Public Law No: 106-22.

Apr 15, 1999

Presented to President.

Apr 15, 1999

Presented to President.

Apr 12, 1999

Message on Senate action sent to the House.

Apr 12, 1999

Mr. Pease moved that the House suspend the rules and agree to the Senate amendment.

Apr 12, 1999

The House proceeded with forty minutes of debate on the Senate amendment to H.R. 440.

Apr 12, 1999

Resolving differences -- House actions: On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote.(consideration: CR H1817-1818; text: CR H1817-1818)

Apr 12, 1999

On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote. (consideration: CR H1817-1818; text: CR H1817-1818)

Apr 12, 1999

Motion to reconsider laid on the table Agreed to without objection.

Mar 25, 1999

Senate Committee on Small Business discharged by Unanimous Consent.

Mar 25, 1999

Senate Committee on Small Business discharged by Unanimous Consent.

Mar 25, 1999

Measure laid before Senate by unanimous consent. (consideration: CR S3554-3566)

Mar 25, 1999

Amendment SP 248 proposed by Senator Enzi for Senator Kerry.

Mar 25, 1999

Amendment SP 248 agreed to in Senate by Unanimous Consent.

Mar 25, 1999

Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.(consideration: CR S3554-3566)

Mar 25, 1999

Passed Senate with an amendment by Unanimous Consent. (consideration: CR S3554-3566)

Feb 22, 1999

Read twice and referred to the Committee on Small Business.

Feb 11, 1999

Received in the Senate.

Feb 9, 1999

Mr. Talent moved to suspend the rules and pass the bill, as amended.

Feb 9, 1999

Considered under suspension of the rules. (consideration: CR H492-494)

Feb 9, 1999

DEBATE - The House proceeded with forty minutes of debate.

Feb 9, 1999

At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 5, rule I, the Chair announced that further proceedings on the motion would be postponed.

Feb 9, 1999

Considered as unfinished business. (consideration: CR H524-525)

Feb 9, 1999

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 411 - 4 (Roll no. 12).(text: CR H492)

Feb 9, 1999

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 411 - 4 (Roll no. 12). (text: CR H492)

Feb 9, 1999

Motion to reconsider laid on the table Agreed to without objection.

Feb 8, 1999

Committee Consideration and Mark-up Session Held.

Feb 8, 1999

Ordered to be Reported by Voice Vote.

Feb 8, 1999

Reported by the Committee on Small Business. H. Rept. 106-12.

Feb 8, 1999

Reported by the Committee on Small Business. H. Rept. 106-12.

Feb 8, 1999

Placed on the Union Calendar, Calendar No. 10.

Feb 2, 1999

Introduced in House

Feb 2, 1999

Introduced in House

Feb 2, 1999

Referred to the House Committee on Small Business.

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