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H.R. 1804 House Commerce

7(a) Loan Agent Oversight Act

Introduced
Mar 3, 2025
Sponsor
Rep. Meuser, Daniel (R-PA-9)
View on Congress.gov

STAGE 4 OF 8 — HOUSE FLOOR

Currently in the House. Last action: received in the senate and read twice and referred to the committee on small business and entrepreneurship on Jun 4, 2025.

  1. House Introduced in House Mar 3, 2025
  2. House Referred to the House Committee on Small Business. Mar 3, 2025
  3. House Committee Consideration and Mark-up Session Held Mar 5, 2025
  4. House Ordered to be Reported by the Yeas and Nays: 25 - 0. Mar 5, 2025
  5. House Reported by the Committee on Small Business. H. Rept. 119-33. Mar 24, 2025
  6. House Placed on the Union Calendar, Calendar No. 22. Mar 24, 2025
  7. House Mr. Williams (TX) moved to suspend the rules and pass the bill. Jun 3, 2025
  8. House Considered under suspension of the rules. (consideration: CR H2398-2399) Jun 3, 2025
  9. House DEBATE - The House proceeded with forty minutes of debate on H.R. 1804. Jun 3, 2025
  10. House At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. Jun 3, 2025
  11. House Considered as unfinished business. (consideration: CR H2403-2404) Jun 3, 2025
  12. House Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 405 - 3 (Roll no. 147). (text: CR H2398) Jun 3, 2025
  13. House On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 405 - 3 (Roll no. 147). (text: CR H2398) Jun 3, 2025
  14. House Motion to reconsider laid on the table Agreed to without objection. Jun 3, 2025
  15. House
    On Motion to Suspend the Rules and Pass Jun 3, 2025
    Agreed Yea 405 Nay 3 Roll Call
  16. Senate Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. Jun 4, 2025

Cosponsors

1

Subjects

Congressional oversightFraud offenses and financial crimesGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigations

Committees

  • Small Business and Entrepreneurship Committee
    • [Referred To, Jun 4, 2025]
  • Small Business Committee
    • [Reported By, Mar 24, 2025]
    • [Markup By, Mar 5, 2025]
    • [Referred To, Mar 3, 2025]

Summary

7(a) Loan Agent Oversight ActThis bill requires the Small Business Administration (SBA) to submit an annual report containing specified information related to 7(a) loan agents. These agents provide fee-based referral and loan application services related to the SBA's 7(a) Program. Under the 7(a) Program, the SBA provides loans and loan guarantees to small business borrowers who cannot obtain credit elsewhere on reasonable terms and conditions.The required report must include (1) the number and type of agents assisting applicants for 7(a) loans, (2) the number of fraudulent loans made for which an applicant used the services of a 7(a) agent, (3) the purchase rate of loans for which an applicant used the services of a 7(a) agent, and (4) the number and aggregate dollar value of referral fees paid to 7(a) agents.

[Summary as of: Introduced in House]

Bill Text

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