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MICRO Business Success Act

Introduced: August 7, 2020 See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Jul 23, 2020
Referred to the House Committee on Small Business.
Jul 23, 2020
Introduced in House
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 Plain-English summary Congressional Research Service

Microbusiness Improvement and Coronavirus Recovery Opportunities for Business Success Act of 2020 or the MICRO Business Success Act

This bill provides designated Small Business Administration (SBA) assistance for small businesses with 10 or fewer employees.

Specifically, out of the Paycheck Protection Program established to support small businesses in response to COVID-19 (i.e., coronavirus disease 2019), the bill allots $20 billion of remaining program funds for small businesses with 10 or fewer employees.

Additionally, the bill raises the aggregate amount for SBA loans to such small businesses from $6 million to $10 million. The bill adds the expansion of such small businesses to the list of economic development objectives from which a small business development company must demonstrate at least one in order to qualify for SBA assistance. It also requires a participating small business development company to provide specified assistance to such small businesses.

What's happening now July 23, 2020

Referred to the House Committee on Small Business.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Balderson, Troy
Ohio · Aug 7, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7740: MICRO Business Success Act. 116th Congress. Open America. https://openamerica.io/bill/116-HR-7740/
MLA
"H.R. 7740: MICRO Business Success Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-7740/.
Bluebook (legal)
H.R. 7740, 116th Cong. (2026), https://openamerica.io/bill/116-HR-7740/.
Markdown link
[H.R. 7740: MICRO Business Success Act](https://openamerica.io/bill/116-HR-7740/)
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