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HR 1804 119th 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: March 3, 2025 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
Jun 4, 2025
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
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
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
Considered as unfinished business. (consideration: CR H2403-2404)
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
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
Placed on the Union Calendar, Calendar No. 22.
Mar 24, 2025
Reported by the Committee on Small Business. H. Rept. 119-33.
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
Referred to the House Committee on Small Business.
Mar 3, 2025
Introduced in House
 Votes taken on this bill 1
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 →
 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.

What's happening now June 4, 2025

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 Democratic 1