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
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
Plain-English 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.
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