Regulation

3245-New NDAA 2019 Microloan survey excerpt Regulation 5-9-19.pdf

Small Business Administration Study of Microenterprise Participation

Regulation

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H. R. 5515

One Hundred Fifteenth Congress
of the
United States of America
AT T H E S E C O N D S E S S I O N
Begun and held at the City of Washington on Wednesday,
the third day of January, two thousand and eighteen

An Act
To authorize appropriations for fiscal year 2019 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year,
and for other purposes.

Be it enacted by the Senate and House of Representatives of
the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.

(a) IN GENERAL.—This Act may be cited as the ‘‘John S. McCain
National Defense Authorization Act for Fiscal Year 2019’’.
(b) REFERENCES.—Any reference in this or any other Act to
the ‘‘National Defense Authorization Act for Fiscal Year 2019’’ shall
be deemed to be a reference to the ‘‘John S. McCain National
Defense Authorization Act for Fiscal Year 2019’’.
SEC. 2. ORGANIZATION OF ACT INTO DIVISIONS; TABLE OF CONTENTS.

(a) DIVISIONS.—This Act is organized into four divisions as
follows:
(1) Division A—Department of Defense Authorizations.
(2) Division B—Military Construction Authorizations.
(3) Division C—Department of Energy National Security
Authorizations and Other Authorizations.
(4) Division D—Funding Tables.
(b) TABLE OF CONTENTS.—The table of contents for this Act
is as follows:
Sec.
Sec.
Sec.
Sec.

1.
2.
3.
4.

Short title.
Organization of Act into divisions; table of contents.
Congressional defense committees.
Budgetary effects of this Act.
DIVISION A—DEPARTMENT OF DEFENSE AUTHORIZATIONS
TITLE I—PROCUREMENT

Subtitle A—Authorization Of Appropriations
Sec. 101. Authorization of appropriations.
Subtitle B—Army Programs
Sec. 111. National Guard and reserve component equipment report.
Sec. 112. Deployment by the Army of an interim cruise missile defense capability.
Sec.
Sec.
Sec.
Sec.
Sec.
Sec.

121.
122.
123.
124.
125.
126.

Subtitle C—Navy Programs
Procurement authority for Ford class aircraft carrier program.
Full ship shock trial for Ford class aircraft carrier.
Sense of Congress on accelerated production of aircraft carriers.
Multiyear procurement authority for standard missile–6.
Multiyear procurement authority for E–2D aircraft.
Multiyear procurement authority for F/A–18E/F aircraft and EA–18G aircraft.

H. R. 5515—250
an accelerated payment date with a goal of 15 days after receipt
of a proper invoice for the amount due if a specific payment date
is not established by contract.
‘‘(B) For a prime contractor that subcontracts with a small
business concern, the Secretary of Defense shall, to the fullest
extent permitted by law, establish an accelerated payment date
with a goal of 15 days after receipt of a proper invoice for the
amount due if—
‘‘(i) a specific payment date is not established by contract;
and
‘‘(ii) the prime contractor agrees to make payments to the
subcontractor in accordance with the accelerated payment date,
to the maximum extent practicable, without any further consideration from or fees charged to the subcontractor.’’.
SEC. 853. INCREASED PARTICIPATION IN THE SMALL BUSINESS
ADMINISTRATION MICROLOAN PROGRAM.

(a) DEFINITIONS.—In this section:
(1) The term ‘‘intermediary’’ has the meaning given that
term in section 7(m)(11) of the Small Business Act (15 U.S.C.
636(m)(11)).
(2) The term ‘‘microloan program’’ means the program
established under section 7(m) of the Small Business Act (15
U.S.C. 636(m)).
(b) 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’’.
(c) SBA STUDY OF MICROENTERPRISE PARTICIPATION.—Not later
than one year after the date of the enactment of this section,
the Administrator of the Small Business Administration shall conduct a study and submit to the Committee on Small Business
and Entrepreneurship of the Senate and the Committee on Small
Business of the House of Representatives a report on—
(1) the operations (including services provided, structure,
size, and area of operation) of a representative sample of—
(A) intermediaries that are eligible to participate in
the microloan program and that do participate; and
(B) intermediaries that are eligible to participate in
the microloan program and that do not participate;
(2) the reasons why eligible intermediaries described in
paragraph (1)(B) choose not to participate in the microloan
program;
(3) recommendations on how to encourage increased participation in the microloan program by eligible intermediaries
described in paragraph (1)(B); and
(4) recommendations on how to decrease the costs associated with participation in the microloan program for eligible
intermediaries.
(d) GAO STUDY ON MICROLOAN INTERMEDIARY PRACTICES.—
Not later than one year after the date of the enactment of this
section, the Comptroller General of the United States shall submit
to the Committee on Small Business and Entrepreneurship of the
Senate and the Committee on Small Business of the House of
Representatives a report evaluating—
(1) oversight of the microloan program by the Small Business Administration, including oversight of intermediaries
participating in the microloan program; and


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