HR 1651
118th Congress
House
Commerce
Government lending and loan guarantees
Licensing and registrations
Small business
Small Business 7(a) Loan Agent Transparency Act
Introduced: March 17, 2023
See on congress.gov
Everywhere this bill has been
6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 5, 2023
Placed on the Union Calendar, Calendar No. 77.
Jun 5, 2023
Reported by the Committee on Small Business. H. Rept. 118-100.
May 23, 2023
Ordered to be Reported Without Recommendation by the Yeas and Nays: 21 - 0.
May 23, 2023
Committee Consideration and Mark-up Session Held
Mar 17, 2023
Referred to the House Committee on Small Business.
Mar 17, 2023
Introduced in House
Plain-English summary
Small Business 7(a) Loan Agent Transparency Act
This bill provides oversight of 7(a) loan agents, including by requiring the Small Business Administration (SBA) to establish a registration system for such agents whereby certain data may be collected and by mandating that such agents register with the system and pay an annual registration fee.
These agents provide 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.
What's happening now
Placed on the Union Calendar, Calendar No. 77.
Committees of jurisdiction
1
Cosponsors
1