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H. Rept. 114-188 1 (2015-06-25)

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                    114TH CONGRESS                                          REPORT
                        1st Session    HOUSE OF REPRESENTATIVES             114-188







                             MICROLOAN MODERNIZATION ACT OF 2015



                      JUNE 25, 2015.-Committed to the Committee of the Whole House on the State of
                                        the Union and ordered to be printed



                            Mr. CHABOT, from the Committee on Small Business,
                                          submitted the following


                                              REPORT

                                                together with

                                           ADDITIONAL VIEWS

                                           [To accompany H.R. 2670]

                              [Including cost estimate of the Congressional Budget Office]

                      The Committee on Small Business, to whom was referred the bill
                    (H.R. 2670) to amend the Small Business Act to provide for ex-
                    panded participation in the microloan program, and for other pur-
                    poses, having considered the same, report favorably thereon with-
                    out amendment and recommend that the bill do pass.

                                                 CONTENTS
                                                                                     Page
                        I. B ill  T ext  ......................................................................................................  2
                        II.  Purpose of the Bill and  Summary  .............................................................  3
                        III. Background and the Need for Legislation ..............................................  3
                        IV .  H earings  .......................................................................................................  4
                        V. Com m ittee  Consideration  .........................................................................  4
                        V I.  Com m ittee  V otes  .......................................................................................  4
                      VII. Section-by-Section Analysis of H.R. 2670 .................................................  8
                      VIII. Congressional Budget Cost Estimate     .......................................................  10
                      IX. U nfunded M andates  ....................................................................................  10
                        X. New Budget Authority, Entitlement Authority and Tax Expenditures             10
                        X I.  Oversight  Findings  ......................................................................................  10
                      XII. Statement of Constitutional Authority ......................................................  10
                      XIII.  Congressional Accountability  Act  ..............................................................  10
                      XIV. Federal Advisory Committee Statement ...................................................  11
                      XV. Statem ent of No  Earm arks  ........................................................................  11
                      XVI. Statement of Duplication of Federal Programs .......................................  11
                      XVII. Disclosure of Directed Rule Makings .......................................................  11
                    XVIII. Performance Goals and    Objectives  ...........................................................  11
                        49-006

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