H.R. 1487 · 117th Congress
Microloan Transparency and Accountability Act of 2021
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
5 cosponsors · 2 D, 3 R
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Mar 2, 2021
- House Passed Apr 15, 2021 409–4
This bill modifies reporting requirements related to the Small Business Administration's (SBA) disbursement of certain financial assistance.
What it does: CRS summary · Passed House · Apr 15, 2021
Microloan Transparency and Accountability Act of 2021
This bill modifies reporting requirements related to the Small Business Administration's (SBA) disbursement of certain financial assistance.
Specifically, the bill requires the SBA to report certain metrics related to the disbursement of microloans to small businesses, including (1) the number, amount, and percentage of such loans that went into default in the previous year; (2) the extent to which microloans are provided to small businesses in rural areas; and (3) the average size, rate of interest, and amount of fees charged for each microloan.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
Votes to become law
About this bill and sources
Official title: Microloan Transparency and Accountability Act of 2021
Latest action (Apr 19, 2021): Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Policy area: Commerce · Origin: House · Introduced: Mar 2, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML) · Embed in your story
- House Introduced Mar 2, 2021
- House Passed Apr 15, 2021 409–4
Final vote · House · Apr 15, 2021
Passage (two-thirds required) — Passed. Vote details
Speaker of the House: Nancy Pelosi