House vote: H.R. 1487 // April 15, 2021Needed two-thirds to pass
Microloan Transparency and Accountability Act of 2021
Sponsor: Tim Burchett (R-TN)
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.
Commerce Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 5.1% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 409 | 94.0% |
| Nay | Lost | 4 | 0.9% |
| Not represented on this question | No position taken | 0 | 5.1% |