H.R. 449 · 118th Congress
Microloan Transparency and Accountability Act of 2023
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Passed the House without a recorded vote, then expired. It passed by voice vote or unanimous consent, which don't record how each member voted, but didn't become law before the 118th Congress ended.
R
BurchettSponsor2 cosponsors · 1 D, 1 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Jan 24, 2023
- House Passed Jan 25, 2023
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 · Jan 25, 2023
Microloan Transparency and Accountability Act of 2023
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
About this bill and sources
Official title: Microloan Transparency and Accountability Act of 2023
Latest action (Jan 26, 2023): Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Policy area: Commerce · Origin: House · Introduced: Jan 24, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- House Introduced Jan 24, 2023
- House Passed Jan 25, 2023
No recorded floor vote found.