#aaeth ,,congress  #b;d ,session  ,s4   
#ebf  ,,an ,,act  ,to amend the ,small  
,business ,act to provide for expanded  
participation in the microloan program1 
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,microloan ,modernization ,act of #bjah4
  #b4 ,definitions ,in this ,act-- 7#a7 
the term intermediary has the meaning   
given the term in section #g7m77#aa7 of 
the ,small ,business ,act 7#ae ,u4,s4,c4
 #fcf7m77#aa772 and  7#b7 the term      
microloan program means the program     
established under section #g7m7 of the  
,small ,business ,act 7#ae ,u4,s4,c4    
#fcf7m774  #c4 ,microloan intermediary  
lending limit increased ,section        
#g7m77#c77;,c7 of the ,small ,business  
,act 7#ae ,u4,s4,c4 #fcf7m77#c77;,c77 is
 amended by striking #e1jjj1jjj and     
inserting #f1jjj1jjj4  #d4 ,,sba study  
of microenterprise participation ,not   
later than #a year after the date of    
enactment of this ,act1 the             
,administrator of the ,small ,business  

,administration shall conduct a study   
and submit to the ,committee on ,small  
,business and ,entrepreneurship of the  
,senate and the ,committee on ,small    
,business of the ,house of              
,representatives a report on--  7#a7 the
 operations 7including services         
provided1 structure1 size1 and area of  
operation7 of a representative sample   
of--  7,a7 intermediaries that are      
eligible to participate in the microloan
 program and that do participate2 and   
7,b7 intermediaries 7including those    
operated for profit1 operated not for   
profit1 and those affiliated with a     
,united ,states institution of higher   
learning7 that are eligible to          
participate in the microloan program and
 that do not participate2  7#b7 the     
reasons why intermediaries described in 
paragraph 7#a77;,b7 choose not to       
participate in the microloan program2   
7#c7 recommendations on how to encourage
 increased participation in the         
microloan program by intermediaries     

described in paragraph 7#a77;,b72 and   
7#d7 recommendations on how to decrease 
the costs associated with participation 
in the microloan program for eligible   
intermediaries4  #e4 ,,gao study on     
microloan intermediary practices ,not   
later than #a year after the date of    
enactment of this ,act1 the ,comptroller
 ,general of the ,united ,states shall  
submit to the ,committee on ,small      
,business and ,entrepreneurship of the  
,senate and the ,committee on ,small    
,business of the ,house of              
,representatives a report evaluating--  
7#a7 oversight of the microloan program 
by the ,small ,business ,administration1
 including oversight of intermediaries  
participating in the microloan program2 
and  7#b7 the specific processes used by
 the ,small ,business ,administration to
 ensure-- 7,a7 compliance by            
intermediaries participating in the     
microloan program2 and  7,b7 the overall
 performance of the microloan program4  
,passed the ,senate ,july #ah1          

#bjah4,secretary