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HR 449 118th 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 2023

Introduced: January 24, 2023 Introduced by: Burchett, Tim Republican · Tennessee See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 26, 2023
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Jan 25, 2023
Motion to reconsider laid on the table Agreed to without objection.
Jan 25, 2023
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H303)
Jan 25, 2023
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H303)
Jan 25, 2023
DEBATE - The House proceeded with forty minutes of debate on H.R. 449.
Jan 25, 2023
Considered under suspension of the rules. (consideration: CR H303-304)
Jan 25, 2023
Mr. Graves (MO) moved to suspend the rules and pass the bill.
Jan 24, 2023
Referred to the House Committee on Small Business.
Jan 24, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

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.

What's happening now January 26, 2023

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 2
All 2 Democratic 1 Republican 1
R
Fitzgerald, Scott
Wisconsin · Jan 24, 2023
 D
Kim, Andy
New Jersey · Jan 24, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 449: Microloan Transparency and Accountability Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-449/
MLA
"H.R. 449: Microloan Transparency and Accountability Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-449/.
Bluebook (legal)
H.R. 449, 118th Cong. (2026), https://openamerica.io/bill/118-HR-449/.
Markdown link
[H.R. 449: Microloan Transparency and Accountability Act of 2023](https://openamerica.io/bill/118-HR-449/)
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