S. 1445 — Introduced in Senate

II 114th CONGRESS 1st Session S. 1445 IN THE SENATE OF THE UNITED STATES May 21, 2015 Mrs. Fischer (for herself and Ms. Cantwell) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship A BILL To improve the Microloan Program of the Small Business Administration. 1. Short title This Act may be cited as the Microloan Act of 2015. 2. Microloan Program improvements (a) In general Section 7(m) of the Small Business Act (15 U.S.C. 636(m)) is amended— (1) in paragraph (4)— (A) by striking subparagraph (E); and (B) by redesignating subparagraph (F) as subparagraph (E); and (2) in paragraph (7)— (A) by striking Program and all that follows through Under the program authorized and inserting Number of participants.—Under the program authorized; and (B) by striking subparagraph (B). (b) Sense of Congress It is the sense of Congress that the Administrator of the Small Business Administration should promote the Microloan Program under section 7(m) of the Small Business Act (15 U.S.C. 636(m)) to encourage entrepreneurs to use the program.