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PRIME Act

Introduced: February 10, 1999 See on congress.gov
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 10, 1999
Read twice and referred to the Committee on Banking.
Feb 10, 1999
Sponsor introductory remarks on measure. (CR S1430-1431)
Feb 10, 1999
Introduced in Senate
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 Plain-English summary Congressional Research Service

Program for Investment in Microentrepreneurs Act of 1999 - Amends the Reigle Community Development and Regulatory Improvement Act of 1994 to add to title I a new subtitle C, which may be cited as the Program for Investment in Microentrepreneurs Act of 1999. Directs the Administrator of the Community Development Financial Institutions Fund to establish a microenterprise technical assistance and capacity building program to provide Fund grants to qualified non profit organizations to: (1) provide training and technical assistance to disadvantaged entrepreneurs; (2) provide training and capacity building services to help microenterprise development organizations and programs develop microenterprise training and services; and (3) aid in researching and developing the best practices in the field of microenterprise and technical assistance programs for disadvantaged entrepreneurs. Sets forth an allocation formula for such assistance and for grants benefitting very low-income persons, including those residing on Indian reservations.

Authorizes a qualified organization to provide subgrants to small and emerging microenterprise entities. Mandates matching funds from non-Federal sources.

Authorizes appropriations.

What's happening now February 10, 1999

Read twice and referred to the Committee on Banking.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 1 Republican 2
D
Durbin, Richard J.
Illinois · Apr 20, 1999
 R
Collins, Susan M.
Maine · Feb 10, 1999
 R
Grassley, Chuck
Iowa · Feb 10, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). S. 409: PRIME Act. 106th Congress. Open America. https://openamerica.io/bill/106-S-409/
MLA
"S. 409: PRIME Act." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-S-409/.
Bluebook (legal)
S. 409, 106th Cong. (2026), https://openamerica.io/bill/106-S-409/.
Markdown link
[S. 409: PRIME Act](https://openamerica.io/bill/106-S-409/)
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