118th Congress Commerce
H.R. 449: Microloan Transparency and Accountability Act of 2023
Passed House
- Introduced (completed)
- Passed House (completed)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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 Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Scott Fitzgerald R-WIOriginal
- Andy Kim D-NJOriginal
Who scored on this bill
- 1Tim Burchett SponsorDrew cross-party cosponsors, introduced, passed House3 events+36
- 2Scott FitzgeraldCosponsored; cosponsored bill passed2 events+4
- 2Andy KimCosponsored; cosponsored bill passed2 events+4
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
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History
- Passed the House by voice vote.
- Introduced in the House by Tim Burchett.
Show the full action history (9 actions)
- Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Mr. Graves (MO) moved to suspend the rules and pass the bill.
- Considered under suspension of the rules. (consideration: CR H303-304)
- DEBATE - The House proceeded with forty minutes of debate on H.R. 449.
- Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H303)
- On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H303)
- Motion to reconsider laid on the table Agreed to without objection.
- Introduced in House
- Referred to the House Committee on Small Business.