United States 116th Congress Status: Died 1 R cosponsors

HR 6078 — Microloan Transparency and Accountability Act of 2020

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

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

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.

Bill Text

We don't have the full text on file for this bill yet.

Read HR 6078 on the official United States source →

Action History

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

  2. Motion to reconsider laid on the table Agreed to without objection.

  3. On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4347)

  4. DEBATE - The House proceeded with forty minutes of debate on H.R. 6078.

  5. Considered under suspension of the rules. (consideration: CR H4347-4348)

  6. Ms. Velazquez moved to suspend the rules and pass the bill, as amended.

  7. Ordered to be Reported by Voice Vote.

  8. Committee Consideration and Mark-up Session Held.

  9. Referred to the House Committee on Small Business.

  10. Introduced in House

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

Commerce Administrative remedies Congressional oversight Government information and archives Government lending and loan guarantees Government studies and investigations Rural conditions and development Small Business Administration
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Frequently asked questions

What does HR 6078 do?
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.
Who sponsors HR 6078?
HR 6078 is sponsored by Tim Burchett (R).
What is the current status of HR 6078?
This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 6078?
Track HR 6078 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes about 15 hours ago · updated continuously

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