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Microloan Transparency and Accountability Act of 2020
Legislative Progress
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
93pct
195d open
vs 9,062 other HR bills in the 116th — cohort avg 39d
Microloan Transparency and Accountability Act of 2020 This bill modifies provisions related to the Small Business Administration's (SBA) disbursement of certain financial assistance. Specifically, the bill establishes a 5% technical assistance grant for certain intermediaries, including intermediaries who make 25% of their loans to rural small businesses. Further, 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.
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Filing registrants (1)
2020 · fourth_quarter · Budget/Appropriations
Consolidated Appropriations Act, 2021. H.R. 7668,Financial Services and General Government Appropriations Act, 2021. S. 996 Microloan Program Enhancement Act of 2019. SBA Reauthorization and Improvement Act of 2019. H.R. 6800, HEROES Act. H.R. 8337 Continuing Appropriations Act. H.R. 6079 Microloan Improvement Act of 2020. H.R. 6078 Microloan Transparency and Accountability Act. Small Business Debt Relief Extension Act.
Client expense: Not reported · Firm income: $18,400
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Motion to reconsider laid on the table Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4347)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
DEBATE - The House proceeded with forty minutes of debate on H.R. 6078.
Considered under suspension of the rules. (consideration: CR H4347-4348)
Ms. Velazquez moved to suspend the rules and pass the bill, as amended.
Ordered to be Reported by Voice Vote.
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on Small Business.
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Sources: Congress.gov
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Small Business Administration (SBA)
2020 · third_quarter · Budget/Appropriations
H.R. 7668,Financial Services and General Government Appropriations Act, 2021. S. 996 Microloan Program Enhancement Act of 2019. SBA Reauthorization and Improvement Act of 2019. H.R. 6800, HEROES Act. H.R. 8337 Continuing Appropriations Act. H.R. 6079 Microloan Improvement Act of 2020. H.R. 6078 Microloan Transparency and Accountability Act. Small Business Debt Relief Extension Act.
Client expense: Not reported · Firm income: $18,400
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Small Business Administration (SBA)
Introduced in House
Congress.gov source codes: 1000, Intro-H