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Microloan Improvement Act of 2021

Floor Speech

Date: April 14, 2021
Location: Washington, DC
Issues: Business and Consumers Finance and Banking

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Mr. BURCHETT. Madam Speaker, I thank the ranking member for yielding.

I rise in support of Representative Kim's Microloan Improvement Act. I am proud to be an original cosponsor of this important legislation.

Access to financial capital is essential to the success of America's small businesses and their entrepreneurs. This bipartisan bill is straightforward and effective. It increases the number of nonprofit community-based lenders that can offer loans through the SBA's microloan program.

Representative Kim's bill works in tandem with the Microloan Transparency and Accountability Act, my small business legislation that we will debate shortly, to expand access to financial resources that will help our aspiring small business owners and entrepreneurs chase down the American Dream.

I encourage my colleagues to support this important bipartisan legislation.

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