H.R. 1804 — 119th Congress
7(a) Loan Agent Oversight Act
Sponsor
More bills from this sponsor
119th Congress| Measure | Title |
|---|---|
| H.R. 7401 · Commerce | Small Business Lending Fraud Prevention Act |
| H.R. 692 · International Affairs | China Exchange Rate Transparency Act of 2025 |
Latest action
Jun 4, 2025Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
CRS summary
As of Mar 3, 2025Introduced in 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 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.
Congressional Research Service, via api.congress.gov (public domain)
Roll-call votes
1 on recordJun 3, 2025 · On Motion to Suspend the Rules and Pass
Full roll callYea — 405: 207 R · 197 D · 1 I
Nay — 3: 2 R · 1 D
| Member | State |
|---|---|
| Zoe Lofgren | CA |
| Eric Burlison | MO |
| Chip Roy | TX |
Not Voting — 24: 14 D · 10 R
Member pages currently show roll-call votes from the 119th Congress only. The “Member pages” column marks votes from that congress.