7(a) Loan Agent Oversight Act

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, (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.

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Timeline

1. 3 March 2025

   Introduced

   Referred to the House Committee on Small Business.

   Source: IntroReferral

2. 3 March 2025

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 March 2025

   Introduced

   Introduced in House

   Source: IntroReferral

4. 5 March 2025

   Vote

   Ordered to be Reported by the Yeas and Nays: 25 - 0.

   Source: Committee

5. 5 March 2025

   Committee

   Committee Consideration and Mark-up Session Held

   Source: Committee

6. 24 March 2025

   Calendars

   Placed on the Union Calendar, Calendar No. 22.

   Source: Calendars

7. 24 March 2025

   Reported

   Reported by the Committee on Small Business. H. Rept. 119-33.

   Source: Committee

8. 24 March 2025

   Reported

   Reported by the Committee on Small Business. H. Rept. 119-33.

   Source: Committee

9. 3 June 2025

   Passed

   Motion to reconsider laid on the table Agreed to without objection.

   Source: Floor

10. 3 June 2025

    Vote

    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)

    Source: Floor

11. 3 June 2025

    Vote

    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)

    Source: Floor

12. 3 June 2025

    Floor

    Considered under suspension of the rules. (consideration: CR H2398-2399)

    Source: Floor

13. 3 June 2025

    Vote

    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.

    Source: Floor

14. 3 June 2025

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 1804.

    Source: Floor

15. 3 June 2025

    Floor

    Mr. Williams (TX) moved to suspend the rules and pass the bill.

    Source: Floor

16. 4 June 2025

    Introduced

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

    Source: IntroReferral

Votes

Versions

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Documents

5 official files

• Referred in Senate

  Referred in Senate · EN · 4 June 2025

  ViewDownloadOpen at official source

• Engrossed in House

  Engrossed in House · EN · 3 June 2025

  ViewDownloadOpen at official source

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• Reported in House

  Reported in House · EN · 24 March 2025

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• Introduced in House

  Introduced in House · EN · 3 March 2025

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• Introduced in House

  summary · EN · 3 March 2025

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  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Meuser, Daniel [R-PA-9] · R · Sponsor
• Rep. McIver, LaMonica [D-NJ-10] · D · Sponsor
• · sssb00 · Standing
• · hssm00 · Standing

Related records

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