,,ii  #aafth ,,congress  #ast ,session  
,s4 #iif  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,april #b1 #bjai    
,ms4 ,duckworth introduced the following
 bill2 which was read twice and referred
 to the ,committee on ,small ,business  
and ,entrepreneurship  ,a ,,bill  ,to   
modify the microloan program of the     
,small ,business ,administration1 and   
for other purposes4  #a4 ,short title   
,this ,act may be cited as the          
,microloan ,program ,enhancement ,act of
 #bjai4  #b4 ,microloan program  7a7 ,in
 general ,section #g7m7 of the ,small   
,business ,act 7#ae ,u4,s4,c4 #fcf7m77  
is amended-- 7#a7 in paragraph          
7#c77;,c7--  7,a7 by striking and       
#f1jjj1jjj and inserting 1 #g1jjj1jjj1  
in the aggregate12 and  7,b7 by         
inserting before the period at the end  
the following3 1 and #c1jjj1jjj in any  
of those remaining years2  7#b7 in      
paragraph 7#d7-- 7,a7 in subparagraph   
7,a71 by striking subparagraph 7,c7 each
 place that term appears and inserting  

subparagraphs 7,c7 and 7,g72  7,b7 in   
subparagraph 7,c77i71 by striking       
subparagraph 7,a7 and inserting         
subparagraphs 7,a7 and 7,g72 and  7,c7  
by adding at the end the following3     
7,g7 ,grant amounts based on            
appropriations ,in any fiscal year in   
which the amount appropriated to make   
grants under subparagraph 7,a7 is       
sufficient to provide to each           
intermediary that receives a loan under 
paragraph 7#a77;,b77i7 a grant of not   
less than #be percent of the total      
outstanding balance of loans made to the
 intermediary under this subsection1 the
 ,administration shall make a grant     
under subparagraph 7,a7 to each         
intermediary of not less than #be       
percent and not more than #cj percent of
 that total outstanding balance for the 
intermediary4  2  7#c7 in paragraph     
7#h7-- 7,a7 by striking ,in approving   
and inserting the following3  7,a7 ,in  
general ,in approving  2 and  7,b7 by   
adding at the end the following3  7,b7  

,annual report ,the ,administrator      
shall1 on an annual basis1 submit to the
 ,committee on ,small ,business and     
,entrepreneurship of the ,senate and the
 ,committee on ,small ,business of the  
,house of ,representatives1 and make    
publicly available on the website of the
 ,administration1 a report on how the   
,administration has met the requirements
 of subparagraph 7,a74  2 and  7#d7 in  
paragraph 7#aj7-- 7,a7 in the matter    
preceding subparagraph 7,a7--  7i7 by   
striking ,on ,november #a1 #aiie1 the   
,administration shall and inserting ,the
 ,administration shall1 on an annual    
basis12  7ii7 by inserting and make     
available to the public on the website  
of the ,administration after            
,representatives2 and  7iii7 by striking
 of the first #c #a_/b years2  7,b7 in  
subparagraph 7,f71 by striking and at   
the end2  7,c7 by redesignating         
subparagraph 7,g7 as subparagraph 7,i72 
and  7,d7 by inserting after            
subparagraph 7,f7 the following3  7,g7  

the number of small business concerns   
that received a microloan that remain in
 business after completing the final    
payment of the microloan2  7,h7 the     
number of jobs created and retained by  
small business concerns after completing
 the final payment of the microloan2 and
  4  7b7 ,minimum allocation ,section   
#g7m7 of the ,small ,business ,act 7#ae 
,u4,s4,c4 #fcf7m77 is amended by        
striking paragraph 7#g7 and inserting   
the following3  7#g7 ,program funding   
for microloans ,under the program       
authorized by this subsection1 the      
,administration may fund1 on a          
competitive basis1 not more than #cjj   
intermediaries4  4  7c7 ,program levels 
,section #bj of the ,small ,business    
,act 7#ae ,u4,s4,c4 #fca note7 is       
amended by adding at the end the        
following3  7h7 ,microloan program ,the 
following program levels are authorized 
for the microloan program under section 
#g7m73 7#a7 ,fiscal year #bjbj ,for the 
programs authorized by this ,act1 the   

,administration is authorized to make1  
for fiscal year #bjbj--  7,a7           
#hj1jjj1jjj in technical assistance     
grants1 as provided in section #g7m72   
and  7,b7 #aaj1jjj1jjj in direct loans1 
as provided in section #g7m74  7#b7     
,fiscal year #bjba ,for the programs    
authorized by this ,act1 the            
,administration is authorized to make1  
for fiscal year #bjba--  7,a7           
#hj1jjj1jjj in technical assistance     
grants1 as provided in section #g7m72   
and  7,b7 #aaj1jjj1jjj in direct loans1 
as provided in section #g7m74  7#c7     
,fiscal year #bjbb ,for the programs    
authorized by this ,act1 the            
,administration is authorized to make1  
for fiscal year #bjbb--  7,a7           
#hj1jjj1jjj in technical assistance     
grants1 as provided in section #g7m72   
and  7,b7 #aaj1jjj1jjj in direct loans1 
as provided in section #g7m74  4