Microloan Transparency and Accountability Act of 2021

referredUnited States· United States Congress· EN

Introduced

2 March 2021

Last action

19 April 2021 · Introduced

Status

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

2 March 2021
Introduced
Referred to the House Committee on Small Business.
Source: IntroReferral
2 March 2021
Introduced
Introduced in House
Source: IntroReferral
2 March 2021
Introduced
Introduced in House
Source: IntroReferral
14 April 2021
Vote
At 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.
Source: Floor
14 April 2021
Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 1487.
Source: Floor
14 April 2021
Floor
Considered under suspension of the rules. (consideration: CR H1767-1769)
Source: Floor
14 April 2021
Floor
Ms. Craig moved to suspend the rules and pass the bill.
Source: Floor
15 April 2021
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
15 April 2021
Vote
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)
Source: Floor
15 April 2021
Vote
Passed/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)
Source: Floor
15 April 2021
Floor
Considered as unfinished business. (consideration: CR H1834)
Source: Floor
19 April 2021
Introduced
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Source: IntroReferral

Votes

16 April 2021 · passed · On Motion to Suspend the Rules and Pass · Passed · Official source

Yes 409 · No 4 · Abstain — · Absent/not voting 16

Showing the first 4 recorded positions. Vote totals above are complete.

Versions

Referred in Senate · 19 April 2021 · Download file
Engrossed in House · 15 April 2021 · Download file
Introduced in House · 2 March 2021 · Download file

Documents

8 official files

Referred in Senate (text)

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Referred in Senate (text)
Referred in Senate · EN · 19 April 2021
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Referred in Senate (PDF)
Referred in Senate · EN · 19 April 2021
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Engrossed in House (text)
Engrossed in House · EN · 15 April 2021
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Engrossed in House (PDF)
Engrossed in House · EN · 15 April 2021
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Passed House
summary · EN · 15 April 2021
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Introduced in House (text)
Introduced in House · EN · 2 March 2021
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Introduced in House (PDF)
Introduced in House · EN · 2 March 2021
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Introduced in House
summary · EN · 2 March 2021
Open at official source
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Related records

related to → Microloan Transparency and Accountability Act of 2023

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/117th-congress/house-bill/1487
Open data entity: https://api.congress.gov/v3/bill/117/hr/1487
us · 117-hr-1487 · source updated 28 May 2025