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HR 4531 117th Congress House Commerce Congressional oversight Fraud offenses and financial crimes Government information and archives Government lending and loan guarantees Government studies and investigations

7(a) Loan Agent Oversight Act

Introduced: July 19, 2021 Introduced by: Meuser, Daniel Republican · Pennsylvania See on congress.gov
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 Everywhere this bill has been 15 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 3, 2021
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Nov 2, 2021
Ms. Velazquez moved to suspend the rules and pass the bill.
Nov 2, 2021
Considered under suspension of the rules. (consideration: CR H6092-6093)
Nov 2, 2021
Motion to reconsider laid on the table Agreed to without objection.
Nov 2, 2021
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 9 (Roll no. 352). (text: CR H6092)
Nov 2, 2021
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): 411 - 9 (Roll no. 352).(text: CR H6092)
Nov 2, 2021
Considered as unfinished business. (consideration: CR H6102-6103)
Nov 2, 2021
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.
Nov 2, 2021
DEBATE - The House proceeded with forty minutes of debate on H.R. 4531.
Oct 12, 2021
Placed on the Union Calendar, Calendar No. 104.
Oct 12, 2021
Reported by the Committee on Small Business. H. Rept. 117-144.
Jul 29, 2021
Ordered to be Reported by Voice Vote.
Jul 29, 2021
Committee Consideration and Mark-up Session Held.
Jul 19, 2021
Introduced in House
Jul 19, 2021
Referred to the House Committee on Small Business.
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Nov 2, 2021 House · vote #352 On Motion to Suspend the Rules and Pass Passed 411–9 See who voted →
 Plain-English summary Congressional Research Service

7(a) Loan Agent Oversight Act

This 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, and (3) the number and aggregate dollar value of referral fees paid to 7(a) agents.

What's happening now November 3, 2021

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1