Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 1487
117th Congress(2021-2022)
Microloan Transparency and Accountability Act of 2021
Active
Active
Passed House on Apr 15, 2021
Overview
Text
Introduced
Mar 2, 2021
Latest Action
Apr 19, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1487
Congress
117
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
Republican
Tim Burchett
Tennessee
Democrat
Marie Newman
Illinois
Democrat
Andy Kim
New Jersey
Republican
Claudia Tenney
New York
Republican
Jenniffer González-Colón
Puerto Rico
Republican
Scott Fitzgerald
Wisconsin
House Votes (1)
Senate Votes (0)
checkPassed on April 16, 2021
Question
On Motion to Suspend the Rules and Pass
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
2/3 Yea-And-Nay
Roll Number
115
House Roll Call Votes
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.

Text (3)
Referred in Senate
April 19, 2021
Engrossed in House
April 15, 2021
Introduced in House
March 2, 2021
Actions (11)
04/19/2021
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
04/15/2021
Motion to reconsider laid on the table Agreed to without objection.
04/15/2021
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)
04/15/2021
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)
04/15/2021
Considered as unfinished business. (consideration: CR H1834)
04/14/2021
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.
04/14/2021
DEBATE - The House proceeded with forty minutes of debate on H.R. 1487.
04/14/2021
Considered under suspension of the rules. (consideration: CR H1767-1769)
04/14/2021
Ms. Craig moved to suspend the rules and pass the bill.
03/02/2021
Referred to the House Committee on Small Business.
03/02/2021
Introduced in House
Public Record
Record Updated
Mar 8, 2023 7:58:20 PM
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