Skip to main content
S 1445 114th Congress Senate Commerce Government lending and loan guarantees Small business

Microloan Act of 2015

Introduced: May 21, 2015 Introduced by: Fischer, Deb Republican · Nebraska See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 2015
Read twice and referred to the Committee on Small Business and Entrepreneurship.
May 21, 2015
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Microloan Act of 2015

This bill amends the Small Business Act to revise requirements for the Small Business Administration (SBA) Microloan Program (direct loans to eligible intermediaries for making fixed interest rate microloans to startup, newly established, or growing small businesses).

The bill repeals the authority for each intermediary to expend certain grant amounts to: (1) provide information and technical assistance to small businesses that are prospective borrowers, and (2) enter into third party contracts to provide technical assistance.

The bill also repeals minimum allocation requirements and authority to redistribute portions of remaining microloan funds in the third quarter.

It is the sense of Congress that the SBA should promote the Microloan Program to encourage entrepreneurs to use it.

What's happening now May 21, 2015

Read twice and referred to the Committee on Small Business and Entrepreneurship.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2 Republican 1
R
Scott, Tim
South Carolina · Jul 21, 2015
 D
Peters, Gary C.
Michigan · Jun 24, 2015
 D
Cantwell, Maria
Washington · May 21, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1445: Microloan Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-S-1445/
MLA
"S. 1445: Microloan Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-1445/.
Bluebook (legal)
S. 1445, 114th Cong. (2026), https://openamerica.io/bill/114-S-1445/.
Markdown link
[S. 1445: Microloan Act of 2015](https://openamerica.io/bill/114-S-1445/)
Report a problem