H.R. 3191 — Introduced in House

I 113th CONGRESS 1st Session H. R. 3191 IN THE HOUSE OF REPRESENTATIVES September 26, 2013Mr. Cohen (for himself and Ms. Norton) 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 loan amount for loans under the microloan program. 1. Short title This Act may be cited as the Expanding Opportunities to Underserved Businesses Act. 2. Microloan amount maximum Section 7(m) of the Small Business Act (15 U.S.C. 636(m)) is amended— (1) in paragraph (1)(B)(iii), by striking $50,000 and inserting $75,000; (2) in paragraph (3)(E), by striking $50,000 each place it appears and inserting $75,000; and (3) in paragraph (11)(B), by striking $50,000 and inserting $75,000.