#aaf? ,,congress  #b;d ,session  ,h4 ,r4
 #fjgi  ,,an ,,act  ,to am5d ! ,small   
,bus9ess ,act to optimize ! op]ations ( 
! microloan program1 l[] co/s = small   
bus9ess conc]ns & int]m$i>y p>ticipants 
9 ! program1 & = o!r purposes4  #a4     
,%ort title2 table ( cont5ts  7a7 ,%ort 
title ,?is ,act may be cit$ z !         
,microloan ,improvem5t ,act ( #bjbj4    
7b7 ,table ( cont5ts ,! table ( cont5ts 
= ?is ,act is z foll[s3  ,sec4 #a4 ,%ort
 title2 table ( cont5ts4 ,sec4 #b4      
,int]e/ rate = c]ta9 int]m$i>ies4 ,sec4 
#c4 ,l9es ( cr$it au?oriz$4 ,sec4 #d4   
,ext5d$ repaym5t t]ms4 ,sec4 #e4 ,loan  
limits adju/$4 ,sec4 #f4 ,program fund+ 
= microloans4 ,sec4 #g4 ,te*nical       
assi/ance grant flexibility4 ,sec4 #h4  
,cr$it report+ in=mation4 ,sec4 #i4     
,report reg>d+ equitable di/ribution4   
#b4 ,int]e/ rate = c]ta9 int]m$i>ies    
,section #g7m77#c77;,f77iii7 ( ! ,small 
,bus9ess ,act 7#ae ,u4,s4,c4            
#fcf7m77#c77;,f77iii77 is am5d$ by /rik+
 #g1ejj & ins]t+ #aj1jjj4  #c4 ,l9es (  

cr$it au?oriz$ ,section #g7m77#f77;,a7 (
 ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4  
#fcf7m77#f77;,a77 is am5d$ by ins]t+    
7includ+ l9es ( cr$it7 aft] fix$ rate   
loans4  #d4 ,ext5d$ repaym5t t]ms       
,section #g7m77#f7 ( ! ,small ,bus9ess  
,act 7#ae ,u4,s4,c4 #fcf7m77#f77 is     
am5d$ by add+ at ! end ! foll[+3  7,f7  
,repaym5t t]ms  7i7 ,limitation on      
repaym5ts t]m ,! repaym5t t]m = a loan  
made "u ?is p>agraph %all n be m ?an--  
7,i7 9 ! case ( a loan made by an       
int]m$i>y ( #aj1jjj or less1 #g ye>s2 & 
7,,ii7 9 ! case ( a loan made by an     
int]m$i>y ( great] ?an #aj1jjj1 #aj     
ye>s4  7ii7 ,no additional limitations  
,! ,adm9i/rator may n impose any        
additional limitation on ! t]m =        
repaym5t ( a loan made by an int]m$i>y  
"u ?is p>agraph4  4  #e4 ,loan limits   
adju/$ ,section #g7m77#c77;,c7 ( !      
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7m77#c77;,c77 is am5d$ by /rik+ &   
#f1jjj1jjj & ins]t+ & #g1jjj1jjj 79 !   
aggregate74  #f4 ,program fund+ =       

microloans  7a7 ,9 g5]al ,section #g7m7 
( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 
#fcf7m77 is am5d$-- 7#a7 9 p>agraph     
7#g77;,b7--  7,a7 by am5d+ clause 7i7 to
 read z foll[s3  7i7 ,allocation        
,subject to ! availability (            
appropriations & = ! fir/ #b qu>t]s ( a 
fiscal ye>1 ( ! total am\nt ( new loan  
funds made available = aw>d "u ?is      
subsection 9 su* fiscal ye>1 !          
,adm9i/rator %all--  7,i7 res]ve #ae    
p]c5t ( su* funds = aw>d to designat$   
und]utiliz$ ,/ates2 &  7,,ii7 make !    
rema9+ #he p]c5t ( su* funds available =
 aw>d 9 any ,/ate4  2 &  7,b7 9 clause  
7ii71 by /rik+ to c>ry out & all t      
foll[s ?r\gh ! p]iod at ! end & ins]t+ !
 foll[+3 "u clause 7i77,i7 rema9s       
unexp5d$1 ! ,adm9i/rator may make t     
portion available = aw>d 9 any ,/ate or 
designat$ und]utiliz$ ,/ate42 &  7#b7 9 
p>agraph 7#aa7--  7,a7 9 subp>agraph    
7,c77ii71 by /rik+ ! p]iod at ! end &   
ins]t+ 2 &2 &  7,b7 by add+ at ! end !  
foll[+ new subp>agraph3  7,d7 ! t]m     

,/ate means ea* ( ! sev]al ,/ates1 !    
,di/rict ( ,columbia1 ! ,commonweal? (  
,pu]to ,rico1 ! ,unit$ ,/ates ,virg9    
,isl&s1 ,guam1 ! ,nor!rn ,m>iana ,isl&s1
 & ,am]ican ,samoa4  4  7b7 ,rulemak+ ,n
 lat] ?an #ahj days aft] ! date ( !     
enactm5t ( ?is ,act1 ! ,adm9i/rator ( ! 
,small ,bus9ess ,adm9i/ration %all issue
 regulations to def9e ! t]m designat$   
und]utiliz$ ,/ate1 z us$ 9 section      
#g7m77#g77;,b7 ( ! ,small ,bus9ess ,act 
7#ae ,u4,s4,c4 #fcf7m77#g77;,b771 z add$
 by ?is section4  #g4 ,te*nical         
assi/ance grant flexibility ,section    
#g7m77#d7 ( ! ,small ,bus9ess ,act 7#ae 
,u4,s4,c4 #fcf7m77#d77 is am5d$-- 7#a7 9
 subp>agraph 7,a71 by /rik+ subp>agraph 
7,c7 ea* place t t]m appe>s & ins]t+    
subp>agraphs 7,c7 & 7,g72  7#b7 9       
subp>agraph 7,c77i7-- 7,a7 by /rik+     
subp>agraph 7,a7 & ins]t+ subp>agraphs  
7,a7 & 7,g72 &  7,b7 by /rik+ ! doll>   
figure & ins]t+ #aj1jjj2  7#c7 9        
subp>agraph 7,d71 by /rik+ subp>agraph  
7,a71 or 7,c7 & ins]t+ subp>agraph 7,a71

 7,c71 or 7,g72 &  7#d7 by add+ at ! end
 ! foll[+3  7,g7 ,grant am\nts bas$ on  
appropriations ,9 any fiscal ye> 9 :i* !
 am\nt appropriat$ to make grants "u    
subp>agraph 7,a7 is suffici5t to provide
 to ea* int]m$i>y t receives a loan "u  
p>agraph 7#a77;,b77i7 a grant ( n less  
?an #be p]c5t ( ! total out/&+ balance (
 loans made to ! int]m$i>y "u ?is       
subsection1 ! ,adm9i/rator %all make a  
grant "u subp>agraph 7,a7 to ea*        
int]m$i>y ( n less ?an #be p]c5t & n m  
?an #cj p]c5t ( t total out/&+ balance4 
4  #h4 ,cr$it report+ in=mation ,!      
,adm9i/rator ( ! ,small ,bus9ess        
,adm9i/ration %all issue rules e/abli%+ 
a process "u :i* an int]m$i>y t makes a 
loan to a borr[] "u section #g7m7 ( !   
,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7m77 %all be requir$ to provide !   
major cr$it report+ ag5cies ) in=mation 
ab\t ! borr[] relevant to cr$it report+1
 su* z ! borr[]'s paym5t activity on !  
loan4  #i4 ,report reg>d+ equitable     
di/ribution ,section #g7m77#h7 ( !      

,small ,bus9ess ,act 7#ae ,u4,s4,c4     
#fcf7m77#h77 is am5d$--  7#a7 by /rik+  
,9 approv+ & ins]t+ ! foll[+3  7,a7 ,9  
g5]al ,9 approv+  2 &  7#b7 by add+ at !
 end ! foll[+3  7,b7 ,annual report ,!  
,adm9i/rator %all include 9 ! report    
submitt$ "u p>agraph 7#aj71 & make      
publicly available on ! website ( !     
,adm9i/ration1 in=mation on h[ !        
,adm9i/ration has met ! requirem5ts (   
subp>agraph 7,a74  4  ,pass$ ! ,h\se (  
,repres5tatives ,septemb] #ad1          
#bjbj4;,cl]k4