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H.R. 1804 119th Congress House

7(a) Loan Agent Oversight Act

Official title: To amend the Small Business Act to require a report on 7(a) agents, and for other purposes.

Introduced: March 3, 2025 Introduced by: Daniel Meuser Republican · Pennsylvania See on congress.gov
Commerce Congressional oversightFraud offenses and financial crimesGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigations
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 Everywhere this bill has been 14 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 4, 2025
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Jun 3, 2025
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
Motion to reconsider laid on the table Agreed to without objection.
Jun 3, 2025
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
Considered as unfinished business. (consideration: CR H2403-2404)
Jun 3, 2025
DEBATE - The House proceeded with forty minutes of debate on H.R. 1804.
Jun 3, 2025
Considered under suspension of the rules. (consideration: CR H2398-2399)
Jun 3, 2025
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Mar 24, 2025
Reported by the Committee on Small Business. H. Rept. 119-33.
Mar 24, 2025
Placed on the Union Calendar, Calendar No. 22.
Mar 5, 2025
Ordered to be Reported by the Yeas and Nays: 25 - 0.
Mar 5, 2025
Committee Consideration and Mark-up Session Held
Mar 3, 2025
Introduced in House
Mar 3, 2025
Referred to the House Committee on Small Business.
 Votes taken on this bill 6
DateChamberWhat was voted onResultYes–No
Jun 3, 2025 House · vote #147 On Motion to Suspend the Rules and Pass Passed 405–3 See who voted →
Mar 26, 1994 Senate · vote #86 On the Conference Report H.R. 1804 Agreed To 63–22 See who voted →
Mar 26, 1994 Senate · vote #85 On the Cloture Motion H.R. 1804 Agreed To 62–23 See who voted →
Mar 25, 1994 Senate · vote #83 On the Motion to Proceed H.R. 1804 Agreed To 83–12 See who voted →
Mar 24, 1994 Senate · vote #70 On the Motion to Proceed H.R. 1804 Agreed To 60–31 See who voted →
Feb 8, 1994 Senate · vote #34 On Passage of the Bill H.R. 1804 Passed 71–25 See who voted →
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What's happening now June 4, 2025

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

 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, (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.

 Hearings & markups 1
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Lobbying activity 7

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

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 Cosponsors 1
All 1 Democratic 1
D
McIver, LaMonica
New Jersey · Mar 3, 2025
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1804: 7(a) Loan Agent Oversight Act. 119th Congress. Open America. https://openamerica.io/bill/119-HR-1804/
MLA
"H.R. 1804: 7(a) Loan Agent Oversight Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-HR-1804/.
Bluebook (legal)
H.R. 1804, 119th Cong. (2026), https://openamerica.io/bill/119-HR-1804/.
Markdown link
[H.R. 1804: 7(a) Loan Agent Oversight Act](https://openamerica.io/bill/119-HR-1804/)
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