H.R. 4531 — 117th Congress
7(a) Loan Agent Oversight Act
Sponsor
Latest action
Nov 3, 2021Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
CRS summary
As of Nov 2, 2021Passed House
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 guarantees up to 80% of a private lender's loan to a small business borrower 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.
Congressional Research Service, via api.congress.gov (public domain)
Roll-call votes
1 on recordNov 2, 2021 · On Motion to Suspend the Rules and Pass
Full roll callYea — 411: 210 D · 201 R
Nay — 9: 5 R · 4 D
| Member | State |
|---|---|
| Maxine Waters | CA |
| Sean Casten | IL |
| Sylvia R. Garcia | TX |
| Veronica Escobar | TX |
| Matt Gaetz | FL |
| Marjorie Taylor Greene | GA |
| Thomas Massie | KY |
| Chip Roy | TX |
| Bob Good | VA |
Not Voting — 11: 6 R · 5 D
| Member | State |
|---|---|
| Jim Costa | CA |
| Mikie Sherrill | NJ |
| Al Green | TX |
| Filemon Vela | TX |
| Derek Kilmer | WA |
| Darrell Issa | CA |
| Adam Kinzinger | IL |
| Tom Emmer | MN |
| Kelly Armstrong | ND |
| Dusty Johnson | SD |
| Liz Cheney | WY |
Member pages currently show roll-call votes from the 119th Congress only. The “Member pages” column marks votes from that congress.