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.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 2, 2021
- Passed HouseApr 15, 2021
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Recorded votes 1
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| House 115 | On Motion to Suspend the Rules and Pass | Passed409–4 | Apr 15, 2021 |
Cosponsors 5
Members who signed on, in the order they did. Signatures ran from Mar 2, 2021 to Apr 13, 2021, with 3 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NJ | Andy Kim | Original | Mar 2, 2021 |
| D-IL | Marie Newman | Original | Mar 2, 2021 |
| R-WI | Scott Fitzgerald | Original | Mar 2, 2021 |
| R-NY | Claudia Tenney | Mar 16, 2021 | |
| R-PR | Jenniffer González-Colón | Apr 13, 2021 |
Actions 11
Everything that happened, newest first.
- Apr 19, 2021Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Apr 15, 2021Considered as unfinished business. (consideration: CR H1834)
- Apr 15, 2021Motion to reconsider laid on the table Agreed to without objection.
- Apr 15, 2021On 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)
- Apr 15, 2021Passed/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)
- Apr 14, 2021At 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.
- Apr 14, 2021Considered under suspension of the rules. (consideration: CR H1767-1769)
- Apr 14, 2021DEBATE - The House proceeded with forty minutes of debate on H.R. 1487.
- Apr 14, 2021Ms. Craig moved to suspend the rules and pass the bill.
- Mar 2, 2021Introduced in House
- Mar 2, 2021Referred to the House Committee on Small Business.
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 3
Each version as it was printed, newest first.
- Apr 19, 2021Referred in Senate
- Apr 15, 2021Engrossed in House
- Mar 2, 2021Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.