HR449-118

In Committee

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

118th Congress Introduced Jan 26, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

The bill creates portfolio risk analysis of microloans Section 7(m)(10) of the Small Business Act (15 U.S.C. It relies on definition changes, grants, reporting requirements, and compliance mandates. The main policy areas are Finance, Financial Services, and Agriculture.

Who Benefits and How

The main beneficiaries are the people, organizations, or agencies identified in the bill's substantive provisions.

Who Bears the Burden and How

Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Financial services firms and customers affected by the bill would take on compliance duties, and Businesses and employers affected by the bill would take on compliance duties.

Key Provisions

  • Creates portfolio risk analysis of microloans Section 7(m)(10) of the Small Business Act (15 U.S.C.

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

The bill creates portfolio risk analysis of microloans Section 7(m)(10) of the Small Business Act (15 U.S.C.

Key Policy Areas

Finance, Financial Services, Agriculture

Primary Purpose

The bill creates portfolio risk analysis of microloans Section 7(m)(10) of the Small Business Act (15 U.S.C.

Policy Domains

Finance Financial Services Agriculture

Whole bill

Identified Costs
  • Federal, state, or local agencies responsible for implementing the clause
  • Financial services firms and customers affected by the bill
  • Businesses and employers affected by the bill
  • Agricultural producers and rural communities affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: eh
Businesses and employers affected by the bill: , ,
Financial services firms and customers affected by the bill: , ,
Agricultural producers and rural communities affected by the bill: , ,
Federal, state, or local agencies responsible for implementing the clause: , ,

Legislative Progress

In Committee
Introduced Committee Passed
Jan 26, 2023

Received; read twice and referred to the Committee on Small …

Jan 24, 2023

Mr. Burchett (for himself, Mr. Kim of New Jersey, and …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Finance Financial Services Agriculture

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology