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Microloan Transparency and Accountability Act of 2021

Introduced: March 2, 2021 Introduced by: Burchett, Tim Republican · Tennessee See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 10 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 19, 2021
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Apr 15, 2021
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)
Apr 15, 2021
Considered as unfinished business. (consideration: CR H1834)
Apr 15, 2021
Motion to reconsider laid on the table Agreed to without objection.
Apr 14, 2021
Considered under suspension of the rules. (consideration: CR H1767-1769)
Apr 14, 2021
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.
Apr 14, 2021
DEBATE - The House proceeded with forty minutes of debate on H.R. 1487.
Apr 14, 2021
Ms. Craig moved to suspend the rules and pass the bill.
Mar 2, 2021
Referred to the House Committee on Small Business.
Mar 2, 2021
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Apr 15, 2021 House · vote #115 On Motion to Suspend the Rules and Pass Passed 409–4 See who voted →
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 Plain-English summary Congressional Research Service

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.

What's happening now April 19, 2021

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

 Bill text 3 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 4
All 4 Democratic 1 Republican 2
R
Tenney, Claudia
New York · Mar 16, 2021
 R
Fitzgerald, Scott
Wisconsin · Mar 2, 2021
 D
Kim, Andy
New Jersey · Mar 2, 2021
Newman, Marie
· Mar 2, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1487: Microloan Transparency and Accountability Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-1487/
MLA
"H.R. 1487: Microloan Transparency and Accountability Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-1487/.
Bluebook (legal)
H.R. 1487, 117th Cong. (2026), https://openamerica.io/bill/117-HR-1487/.
Markdown link
[H.R. 1487: Microloan Transparency and Accountability Act of 2021](https://openamerica.io/bill/117-HR-1487/)
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