1. Short title This Act may be cited as the Microloan Transparency and Accountability Act of 2023 . 2. Portfolio risk analysis of microloans Section 7(m)(10) of the Small Business Act ( 15 U.S.C. 636(m)(10) ) is amended— (1) by redesignating subparagraphs (A) through (F) as clauses (i) through (vi), respectively, and adjusting the margins accordingly; (2) by amending clause (iv), as so redesignated, to read as follows: (vi) the number, amount, and percentage of microloans made by intermediaries to small business concerns— (I) that went into default in the previous year; and (II) that were charged off in the previous year by such intermediaries; ; (3) in clause (vi), as so redesignated, by striking and at the end; (4) by redesignating subparagraph (G) as clause (xviii), and adjusting the margin accordingly; (5) by striking On November 1, 1995, and all that follows through the following: and inserting the following: (A) In general Beginning on February 1, 2023, and annually thereafter, the Administrator shall submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives, and make available to the public on the website of the Administration, a report on the effectiveness of the microloan program during the fiscal year preceding the date of the report. Such report shall include— ; (6) in subparagraph (A), as so designated, by inserting after clause (vi) the following new clauses: (vii) the number and type of enforcement actions taken by the Administrator against noncompliant intermediaries; (viii) an analysis of compliance by intermediaries with the credit availability requirements of paragraph (3)(E) for loans in an amount greater than $20,000; (ix) the extent to which microloans are provided to small business concerns in rural areas; (x) the number of underserved borrowers, as defined by the Administration, participating in the microloan program; (xi) the average rate of interest for each microloan