Microloan Program Technical Corrections Act of 1999
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Feb 9, 1999 | House · vote #12 | On Motion to Suspend the Rules and Pass, as Amended | Passed | 411–4 | See who voted → |
Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.
1 agreed to
| Amendment | Sponsor | Status |
|---|---|---|
| SAMDT 248 | — | Agreed to |
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TABLE OF CONTENTS:
Microloan Program Technical Corrections Act of 1999 - Amends provisions of the Small Business Act relating to the Microloan Program (a program making loans to small businesses for startup or materials and equipment costs) to: (1) delete provisions restricting the amount of loan funds made available to any single State and require the Small Business Administration (SBA) to ensure that at least $800,000 of new loan funds are available to each State in any fiscal year; (2) revise the loan loss reserve fund levels required of loan intermediaries; (3) direct the SBA Administrator, after the first five years of an intermediary's participation in the Program, to review the annual loss rate of such intermediary; and (4) authorize the Administrator, under certain circumstances, to reduce the annual loan loss reserve requirement to reflect the average annual loan loss rate of an intermediary, except that no loan loss reserve shall be reduced to less than ten percent of the outstanding balance of the notes receivable owed to the intermediary.
Became Public Law No: 106-22.
- Engrossed Amendment Senate Formatted Text PDF
- Engrossed in House Formatted Text PDF
- Enrolled Bill Formatted Text PDF
- Introduced in House Formatted Text PDF
- Public Law Formatted Text PDF
- Referred in Senate Formatted Text PDF
- Reported in House Formatted Text PDF
Cite this page
U.S. Congress. (2026). H.R. 440: Microloan Program Technical Corrections Act of 1999. 106th Congress. Open America. https://openamerica.io/bill/106-HR-440/
"H.R. 440: Microloan Program Technical Corrections Act of 1999." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-440/.
H.R. 440, 106th Cong. (2026), https://openamerica.io/bill/106-HR-440/.
[H.R. 440: Microloan Program Technical Corrections Act of 1999](https://openamerica.io/bill/106-HR-440/)