legislation: 101-hr-5918

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
101-hr-5918 101 hr 5918 Act for Micro-Enterprise Commerce 1990-10-24 1990-12-03 Referred to the Subcommittee on Housing and Community Development. House Rep. Collins, Cardiss [D-IL-7] IL D C000634 0 Act for Micro-Enterprise - Amends the Social Security Act to exclude from income for purposes of the Aid to Families with Dependent Children (AFDC) and Supplemental Security Income (SSI) programs business assets received primarily for micro-enterprise business purposes. Extends public assistance benefits (including AFDC, SSI, and Medicaid) for persons with income from or resources in a micro-enterprise (any commercial enterprise with five or fewer employees, one or more of whom own the enterprise). Amends the Internal Revenue Code to make eligible for unemployment compensation an individual who starts a micro-enterprise. Amends the Housing and Community Development Act of 1974 to make financial assistance available under the Community Development Block Grant and Urban Development Action Grant programs to lending institutions and public and private organizations to provide loans, counseling, and training for micro-enterprises. Amends the Small Business Act to urge that when implementing business loan programs the Administrator of the Small Business Administration consider the needs of micro-enterprises and the institutions which offer them credit or services. Amends the Home Owners' Loan Act to treat savings association loans to micro-enterprises as qualified thrift investments. Mandates that each Federal banking agency establish a Micro-Enteprise Technicial and Operations Office (ME-TOO) to promote micro-enterprises through technical assistance, outreach and training. 2025-08-26T17:27:50Z  

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