Microloan Transparency and Accountability Act of 2023

Summary

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.

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Documents

8 official files

• Referred in Senate (text)

  Referred in Senate · EN · 26 January 2023

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• Referred in Senate (PDF)

  Referred in Senate · EN · 26 January 2023

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• Engrossed in House (text)

  Engrossed in House · EN · 25 January 2023

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• Engrossed in House (PDF)

  Engrossed in House · EN · 25 January 2023

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• Passed House

  summary · EN · 25 January 2023

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• Introduced in House (text)

  Introduced in House · EN · 24 January 2023

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• Introduced in House (PDF)

  Introduced in House · EN · 24 January 2023

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• Introduced in House

  summary · EN · 24 January 2023

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