Bill Summary & Status
103rd Congress (1993 - 1994)
H.AMDT.861


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{link: 'http://hdl.loc.gov/loc.uscongress/legislation.103hamdt861',title: 'THOMAS - Bill Summary and Status - H.AMDT.861' }

H.AMDT.861 (A002)
Amends: H.R.4801
Sponsor: Rep Knollenberg, Joe [MI-11] (offered 9/21/1994)

AMENDMENT DESCRIPTION:
Amendment transfers $10 million in FY 1996 and $20 million in FY 1997 from the Direct Microloan Program to the Guaranteed Microloan Pilot Program.

AMENDMENT PURPOSE:
An amendment to transfer $10 million in FY 1996 from the direct microloan program in the bill to the guaranteed microloan pilot program. The amendment also provides for the transfer in FY 1997 of $20 million from the direct microloan program to the guaranteed microloan pilot program. The effect of the amendment would be a reduction of the bill's authorization for direct microloans from $195 million to $185 million in FY 1996, and from $270 million to $250 million in FY 1997. At the same time the funding for the pilot program of guaranteed microloans would be increased from $20 million to $30 million in FY 1996 and from $20 million to $40 million in FY 1997.

STATUS: