Political Quotes

On the recordJuly 18, 2018
I know of no further debate on the bill, as amended. The PRESIDING OFFICER. If there is no further debate, the bill having been read the third time, the question is, Shall the bill pass? The bill (S. 526), as amended, was passed, as follows: S. 526 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Microloan Modernization Act of 2018''. SEC. 2. DEFINITIONS. In this Act-- (1) the term ``intermediary'' has the meaning given the term in section 7(m)(11) of the Small Business Act (15 U.S.C. 636(m)(11)); and (2) the term ``microloan program'' means the program established under section 7(m) of the Small Business Act (15 U.S.C. 636(m)). SEC. 3. MICROLOAN INTERMEDIARY LENDING LIMIT INCREASED. Section 7(m)(3)(C) of the Small Business Act (15 U.S.C. 636(m)(3)(C)) is amended by striking ``$5,000,000'' and inserting ``$6,000,000''. SEC. 4. SBA STUDY OF MICROENTERPRISE PARTICIPATION.…
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Mike Rounds
Republican · South Dakota

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