Microloan Transparency and Accountability Act of 2021

Summary

Official

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...

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Bill Progress

Passed House, sent to Senate

Introduced(3/2/21)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Burchett

House (R) Tennessee – 2

Cosponsors (5)

Newman

(D) IL

Fitzgerald

House (R) Wisconsin

Tenney

House (R) New York

Gonzalez-Colon

(R) PR

Kim

Senate (D) New Jersey

Latest Action

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Apr 19, 2021