Microenterprise Loan Fund (Amendment) Bill 2020
Public bill · Government · Presented
Raises the amount of public funding available for Microfinance Ireland so it can lend more to very small businesses, especially where Covid-19 has made it harder for them to get finance. It also lets Microfinance Ireland borrow from more sources, not just the Social Finance Foundation, and removes a rule that had limited its own borrowing. The measure also expands the State’s capacity to commit money through the European Investment Fund, so Ireland can support bigger loan schemes for businesses and farmers during the crisis.
Formal long title
Bill entitled an Act to amend the Microenterprise Loan Fund Act 2012 to increase the maximum amount of moneys that the Minister for Business, Enterprise and Innovation may grant under that Act to Microfinance Ireland; to extend the borrowing powers of Microfinance Ireland under that Act and, for that purpose, to increase the maximum aggregate amount of borrowings under that Act by Microfinance Ireland; to amend the European Investment Fund Agreement Act 2018 to increase the maximum aggregate liability in respect of contributions committed by the Minister for Business, Enterprise and Innovation and the Minister for Agriculture, Food and the Marine under all agreements entered into under that Act for the time being in force; and to provide for related matters.
Last updated 14 July 2020
- Minister for Business, Enterprise and Innovation Primary
- First StageDáil
- Second StageDáil
- Committee StageDáil
- Report StageDáil
- Fifth StageDáil
- Second StageSeanad
- Committee StageSeanad
- Report StageSeanad
- Fifth StageSeanad Enacted
- EnactedEnacted
- Microenterprise Loan Fund (Amendment) Bill 2020: Second Stage Seanad
- Microenterprise Loan Fund (Amendment) Bill 2020: Committee and Remaining Stages Seanad
- Microenterprise Loan Fund (Amendment) Bill 2020: Second Stage (Resumed) Dáil
- Microenterprise Loan Fund (Amendment) Bill 2020: Second Stage (Resumed) Dáil
- Microenterprise Loan Fund (Amendment) Bill 2020: Committee and Remaining Stages Dáil
- Microenterprise Loan Fund (Amendment) Bill 2020: Order for Second Stage Dáil
- Microenterprise Loan Fund (Amendment) Bill 2020: Second Stage Dáil