Amendment #6 to H4200

Microlending line item

Ms. Story of Amherst moves to amend the bill, in section 2, by inserting after line item 7007-0800 the following new line item:-

7007-0801 For microlending grants of up to $100,000 which shall be issued to established community development financial institutions and community advantage lenders making direct microenterprise and small business loans to borrowers on a regional basis, and providing technical assistance to applicants and borrowers in order to foster business establishment and success; provided, that the funds shall be used to support the eligible organizations’ lending and technical assistance activities ……………….. $200,000

Additional co-sponsor(s) added to Amendment #6 to H4200

Microlending line item