1. Short title This Act may be cited as the Microloan Modernization Act of 2017 . 2. Definitions In this Act— (1) the term intermediary has the meaning given the term in section 7(m)(11) of the Small Business Act ( 15 U.S.C. 636(m)(11) ); and (2) the term microloan program means the program established under section 7(m) of the Small Business Act ( 15 U.S.C. 636(m) ). 3. 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 . 4. Elimination of 25/75 rule Section 7(m)(4) of the Small Business Act ( 15 U.S.C. 636(m)(4) ) is amended— (1) by striking subparagraph (E); and (2) by redesignating subparagraph (F) as subparagraph (E). 5. SBA study of microenterprise participation Not later than 1 year after the date of enactment of this Act, 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 (including those operated for profit, operated not for profit, and those affiliated with a United States institution of higher learning) that are eligible to participate in the microloan program and that do not participate; (2) the reasons why 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 intermediaries described in paragraph (1)(B)