HR 1487
117th Congress
House
Commerce
Administrative remedies
Congressional oversight
Government information and archives
Government lending and loan guarantees
Government studies and investigations
Rural conditions and development
Small Business Administration
Microloan Transparency and Accountability Act of 2021
Everywhere this bill has been
11 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
Motion to reconsider laid on the table Agreed to without objection.
Apr 15, 2021
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
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 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
Considered under suspension of the rules. (consideration: CR H1767-1769)
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
| Date | Chamber | What was voted on | Result | Yes–No | |
|---|---|---|---|---|---|
| Apr 16, 2021 | House · vote #115 | On Motion to Suspend the Rules and Pass | Passed | 409–4 | See who voted → |
Plain-English 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.
What's happening now
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committees of jurisdiction
2