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HR 2308 103th Congress House Commerce Aid to dependent children Bank loans Block grants Community development banking Congressional reporting requirements Department of the Treasury Executive reorganization Federal Deposit Insurance Corporation Federal Home Loan Bank Board Federal Reserve System Federal aid to community development Finance and Financial Sector Government corporations Health Income Interest rates Medicaid Public assistance programs Revolving funds

Microenterprise Opportunity Expansion Act

Introduced: May 27, 1993 See on congress.gov
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This bill died when the 103rd Congress ended
It never became law before the 103rd Congress (1993–1994) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 10 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 15, 1993
Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.
Jun 15, 1993
Referred to the Subcommittee on Consumer Credit and Insurance.
Jun 15, 1993
Referred to the Subcommittee on Economic Growth and Credit Formation.
Jun 15, 1993
Referred to the Subcommittee on Housing and Community Development.
Jun 8, 1993
Sponsor introductory remarks on measure. (CR E1415-1416)
Jun 2, 1993
Referred to the Subcommittee on Human Resources.
May 27, 1993
Referred to the House Committee on Ways and Means.
May 27, 1993
Referred to the House Committee on Banking, Finance + Urban Affrs.
May 27, 1993
Sponsor introductory remarks on measure. (CR H2949-2950)
May 27, 1993
Introduced in House
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 Plain-English summary Congressional Research Service

Microenterprise Opportunity Expansion Act - Amends the Social Security Act to exclude, for purposes of determining eligibility for public assistance benefits, any resources and income used primarily for a small-sized business (microenterprise) owned by an individual otherwise eligible for such assistance.

Amends the Internal Revenue Code to prescribe guidelines under which individuals starting microenterprises are entitled to unemployment compensation. Permits the use of funds in a State unemployment fund to assist eligible individuals in starting microenterprises.

Amends the Community Reinvestment Act of 1977 to treat grants and loans made to certain microenterprises by a regulated financial institution as community reinvestments.

Amends the Home Owners' Loan Act to treat as a qualified thrift investment the aggregate amount of microenterprise loans held by a savings association.

Amends the Housing and Community Development Act of 1974 to permit the use of Federal community development funds for the administrative and operating costs of entities providing support for microenterprises.

Requires each Federal banking agency to establish a division to promote microenterprises to be known as the Microenterprise Technical and Operations Office.

Directs the Financial Institutions Examination Council to study and report to the Congress on: (1) the administration of the microenterprise loan provisions of this Act; and (2) the credit needs of certain small businesses ineligible for microenterprise loans.

What's happening now June 15, 1993

Referred to the Subcommittee on Financial Institutions Supervision, Regulation and Deposit Insurance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 7
 Cosponsors 3
All 3 Democratic 3
D
Velázquez, Nydia M.
New York · Nov 22, 1993
 D
Clyburn, James E.
South Carolina · Aug 6, 1993
 D
Norton, Eleanor Holmes
District of Columbia · Jul 22, 1993
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2308: Microenterprise Opportunity Expansion Act. 103rd Congress. Open America. https://openamerica.io/bill/103-HR-2308/
MLA
"H.R. 2308: Microenterprise Opportunity Expansion Act." 103rd Congress, 2026, Open America, https://openamerica.io/bill/103-HR-2308/.
Bluebook (legal)
H.R. 2308, 103rd Cong. (2026), https://openamerica.io/bill/103-HR-2308/.
Markdown link
[H.R. 2308: Microenterprise Opportunity Expansion Act](https://openamerica.io/bill/103-HR-2308/)
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