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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.
Written by the nonpartisan Congressional Research Service, describing H.R. 1487 as passed House on Apr 15, 2021. It is not the text of the measure; a later amendment may have changed what it does.
House Apr 15, 2021
Microloan Transparency and Accountability Act
Passed · Two-thirds required
409 Yea 4 Nay 16 not voting
Crossed both parties 4 of 413 voting members broke with their own party: 3 Democrats, 1 Republican.
DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present
429 members on this roll call, from the official House record. Party majorities need at least five voting members, so an independent never counts as breaking with a party.
Signing on is not a vote: a member can cosponsor H.R. 1487 and vote against it. 3 signed when it was filed.
Organizations that named H.R. 1487 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.
18 disclosures name this measure. Retrieved from LDA.gov on 2026-10-04. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.