Microloan Program Technical Corrections Act of 1999
Public Law 106-22 · H.R. 440 · 106th Congress · began in the House
Signed by Bill Clinton (D) on Apr 27, 1999 · Commerce
Sponsor: Rep. Jim Talent (R-MO-2)
Cosponsors (3): Rep. Nydia Velázquez, Rep. Bill Pascrell,
Passage votes
- HouseVoice vote
- SenateUnanimous consent
Data notes
The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.
Summary
The Congressional Research Service’s plain-language summary of what the law does.
Microloan Program Technical Corrections Act of 1999 - Amends provisions of the Small Business Act relating to the Microloan Program (a program making loans to small businesses for startup or materials and equipment costs) to: (1) require the Small Business Administration (SBA) to make available for award under such Program to each State, the District of Columbia, Puerto Rico, the Virgin Islands, Guam, and American Samoa an amount equal to the sum of the lesser of $800,000 or one fifty-fifth of the total amount of new loan funds available for such fiscal year plus such additional amount determined appropriate (authorizing a redistribution of unused funds among such States and territories and possessions); (2) revise the loan loss reserve fund levels required of loan intermediaries; (3) direct the SBA Administrator, after the first five years of an intermediary's participation in the Program, to review the annual loss rate of such intermediary; and (4) authorize the Administrator, under certain circumstances, to reduce the annual loan loss reserve requirement to reflect the average annual loan loss rate of an intermediary, except that no loan loss reserve shall be reduced to less than ten percent of the outstanding balance of the notes receivable owed to the intermediary.
Committees
The committees the bill was sent to, and what each did with it.
Data notes
A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.
Timeline
From introduction to signing, newest first: the committees, the floor and the president. 19 actions.
- Apr 27, 1999Became lawBecame law · Became Public Law No: 106-22.
- Became lawBecame law · Signed by President.
- Apr 15, 1999PresidentPresident · Presented to President.
- Apr 12, 1999Resolving differencesResolving differences · Motion to reconsider laid on the table Agreed to without objection.
- Resolving differencesResolving differences · On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote.
- Resolving differencesResolving differences · Mr. Pease moved that the House suspend the rules and agree to the Senate amendment.
- Mar 26, 1999CommitteeCommittee · Discharged from Senate Small Business and Entrepreneurship Committee
- Mar 25, 1999FloorFloor · Passed Senate with an amendment by Unanimous Consent.
- FloorFloor · Amendment SP 248 agreed to in Senate by Unanimous Consent.
- FloorFloor · Measure laid before Senate by unanimous consent.
- Feb 22, 1999CommitteeCommittee · Referred to Senate Small Business and Entrepreneurship Committee
- Feb 9, 1999FloorFloor · Motion to reconsider laid on the table Agreed to without objection.
- FloorFloor · On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 411 - 4 (Roll no. 12).House roll call 12
- FloorFloor · At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 5, rule I, the Chair announced that further proceedings on the motion would be postponed.
- FloorFloor · Mr. Talent moved to suspend the rules and pass the bill, as amended.
- Feb 8, 1999CommitteeCommittee · Reported by House Small Business Committee
- CommitteeCommittee · Markup by House Small Business Committee
- Feb 2, 1999CommitteeCommittee · Referred to House Small Business Committee
- IntroducedIntroduced · Introduced in the House
Data notes
Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.
Official record
The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.