Microloan Transparency and Accountability Act of 2021
- Last Action
- 4/19/2021
Actions
- 2021-04-19Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 2021-04-15Motion to reconsider laid on the table Agreed to without objection.
- 2021-04-15On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 409 - 4 (Roll no. 115). (text: 04/14/2021 CR H1767)
- 2021-04-15Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 409 - 4 (Roll no. 115).(text: 04/14/2021 CR H1767)
- 2021-04-15Considered as unfinished business. (consideration: CR H1834)
- 2021-04-14At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
- 2021-04-14DEBATE - The House proceeded with forty minutes of debate on H.R. 1487.
- 2021-04-14Considered under suspension of the rules. (consideration: CR H1767-1769)
- 2021-04-14Ms. Craig moved to suspend the rules and pass the bill.
- 2021-03-02Referred to the House Committee on Small Business.
- 2021-03-02Introduced in House
- 2021-03-02Introduced in House
CRS Summary
As of 2021-04-15 (53)
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.
Cosponsors (5)
- Andy Kim (D-NJ)
- Scott Fitzgerald (R-WI)
- Marie Newman (D-IL)
- Claudia Tenney (R-NY)
- Jenniffer Gonzalez-Colon (R-PR)
Subjects
- Administrative remedies
- Congressional oversight
- Government information and archives
- Government lending and loan guarantees
- Government studies and investigations
- Rural conditions and development
- Small Business Administration
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.