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United States · Bill · HR

H.R. 1644 (118th)

7(a) Loan Agent Oversight Act

openUnited States· United States Congress· EN

Introduced

17 March 2023

Last action

5 June 2023 · Reported

Status

Placed on the Union Calendar, Calendar No. 76.

Sponsors

Rep. Meuser, Daniel [R-PA-9], Rep. Phillips, Dean [D-MN-3], Rep. Luetkemeyer, Blaine [R-MO-3]

Subjects

Discovery layer

Source updated

27 May 2025

Summary

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, and (3) the number and aggregate dollar value of referral fees paid to 7(a) agents.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 17 March 2023

    Introduced

    Referred to the House Committee on Small Business.

    Source: IntroReferral

  2. 17 March 2023

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 17 March 2023

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 23 May 2023

    Vote

    Ordered to be Reported Without Recommendation by the Yeas and Nays: 22 - 0.

    Source: Committee

  5. 23 May 2023

    Committee

    Committee Consideration and Mark-up Session Held

    Source: Committee

  6. 5 June 2023

    Calendars

    Placed on the Union Calendar, Calendar No. 76.

    Source: Calendars

  7. 5 June 2023

    Reported

    Reported by the Committee on Small Business. H. Rept. 118-99.

    Source: Committee

  8. 5 June 2023

    Reported

    Reported by the Committee on Small Business. H. Rept. 118-99.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

6 official files

Reported in House (text)

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  • Reported in House (text)

    Reported in House · EN · 5 June 2023

    ViewDownloadOpen at official source

  • Reported in House (PDF)

    Reported in House · EN · 5 June 2023

    ViewDownloadOpen at official source

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  • Reported to House

    summary · EN · 5 June 2023

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  • Introduced in House (text)

    Introduced in House · EN · 17 March 2023

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  • Introduced in House (PDF)

    Introduced in House · EN · 17 March 2023

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  • Introduced in House

    summary · EN · 17 March 2023

    Open at official source

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Sponsors

Related records

Sources

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