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substantiveApr 16, 2021 · House roll call · passage · Result: Passed

On Motion to Suspend the Rules and Pass — H R 1487 — Microloan Transparency and Accountability Act

Microloan Transparency and Accountability Act of 2021

In plain language

  • House bill in the 117th Congress.
  • Modifies reporting requirements related to the Small Business Administration's (SBA) disbursement of certain financial assistance.
  • House passed it on Apr 16, 2021 (substantive).
Official 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.

View this measure on congress.gov

Roll-call breakdown

Yea409

Democrat: 205 · Republican: 204

Nay4

Democrat: 3 · Republican: 1

Present0

Not Voting16

Democrat: 9 · Republican: 7

How each member voted (429)

Yea (409)

Nay (4)

Not Voting (16)

Party labels reflect each member’s most recent affiliation on record.