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H.R. 449: Microloan Transparency and Accountability Act of 2023

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To amend the Small Business Act to increase transparency, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Tim Burchett

Sponsor. Representative for Tennessee's 2nd congressional district. Republican.

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Last Updated: Jan 26, 2023
Length: 5 pages
Jan 24, 2023
118th Congress (2023–2025)

Passed House (Senate next) on Jan 25, 2023

This bill passed in the House on January 25, 2023 and goes to the Senate next for consideration.

Other activity may have occurred on another bill with identical or similar provisions.


2 Cosponsors (1 Republican, 1 Democrat)

43% chance of being enacted (details)

Position statements

What legislators are saying

House passes Rep. Burchett's Microloan Transparency and Accountability Act
    — Rep. Tim Burchett [R-TN2] (Sponsor) on Jan 26, 2023

More statements at ProPublica Represent...


Jan 19, 2023
Text Published

Updated bill text was published as of Preprint (Suspension).

Jan 24, 2023

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Jan 25, 2023
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next. The vote was by voice vote so no record of individual votes was made.

If this bill has further action, the following steps may occur next:
Passed Senate

Signed by the President

H.R. 449 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 449. This is the one from the 118th Congress.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 449 — 118th Congress: Microloan Transparency and Accountability Act of 2023.” 2023. September 23, 2023 <>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from, the official portal of the United States Congress. is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.