# 116-hr-6078: Microloan Transparency and Accountability Act of 2020

116-hr-6078, Microloan Transparency and Accountability Act of 2020, is a 116th Congress bill sponsored by Rep. Burchett, Tim [R-TN-2] (R-TN); status Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-6078
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-6078
- Congress: 116
- Title: Microloan Transparency and Accountability Act of 2020
- Status: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Introduced: 2020-03-04
- Sponsor: Rep. Burchett, Tim [R-TN-2] (R-TN)
- Cosponsors: 1
- Policy area: Commerce
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

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 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.

## Cosponsors (1)

- Sen. Kim, Andy [D-NJ] (D-NJ), 2020-03-04T00:00:00.000Z

## Related bills

- 116-hr-8662: Accelerating Access to Critical Therapies for ALS Act
- 116-hr-6829: EMPIL–DOC Act
- 116-hr-6079: Microloan Improvement Act of 2020
- 116-hr-5605: United States-Israel PTSD Collaborative Research Act
- 116-hr-5534: Comprehensive Immunosuppressive Drug Coverage for Kidney Transplant Patients Act of 2020
- 116-hr-4104: Negro Leagues Baseball Centennial Commemorative Coin Act

## Sources
- [116-hr-6078 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/6078)

## Related
- [116-hr-8662: Accelerating Access to Critical Therapies for ALS Act](https://policyrisk.com/legislation/116-hr-8662)
- [116-hr-6829: EMPIL–DOC Act](https://policyrisk.com/legislation/116-hr-6829)
- [116-hr-6079: Microloan Improvement Act of 2020](https://policyrisk.com/legislation/116-hr-6079)
- [116-hr-5605: United States-Israel PTSD Collaborative Research Act](https://policyrisk.com/legislation/116-hr-5605)
- [116-hr-5534: Comprehensive Immunosuppressive Drug Coverage for Kidney Transplant Patients Ac…](https://policyrisk.com/legislation/116-hr-5534)
- [116-hr-4104: Negro Leagues Baseball Centennial Commemorative Coin Act](https://policyrisk.com/legislation/116-hr-4104)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-6078 (as of 2025-11-18).