H.R.3471 - Small Business Economic Opportunity Enhancement Act of 1991102nd Congress (1991-1992)
|Sponsor:||Rep. Ireland, Andrew P. [R-FL-10] (Introduced 10/02/1991)|
|Committees:||House - Agriculture; Banking, Finance, and Urban Affrs; Education and Labor; Small Business; Ways and Means|
|Latest Action:||10/25/1991 Referred to the Subcommittee on Procurement, Tourism, and Rural Development. (All Actions)|
This bill has the status Introduced
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Summary: H.R.3471 — 102nd Congress (1991-1992)All Bill Information (Except Text)
Introduced in House (10/02/1991)
Small Business Economic Opportunity Enhancement Act of 1991 - Amends the Small Business Act to establish a five-year microloan demonstration program to: (1) make direct loans to intermediaries (i.e. community development corporations) for short-term loans to eligible small businesses microenterprises; and (2) make grants to intermediaries for marketing, management, and technical assistance to small business borrowers.
Amends the Social Security Act to include the microloan demonstration program within the services and activities provided under the JOBS program. Permits such microenterprises to participate in the Aid to Families with Dependent Children Program without adversely impacting upon their Federal benefits.
Amends the Consolidated Farm and Rural Development Act and the Housing and Community Development Act of 1974 to include microenterprises within their purview of eligible participants. Expresses the sense of the Congress that a specified percentage of amounts appropriated under such Acts be reserved for microenterprise assistance.
Amends the Job Training and Partnership Act to authorize training activities for microenterprises.