Bill Detail
H.R. 1804
Congress: 119
Title
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.
Sponsor
Rep. Daniel Meuser [R-PA-9]
Status
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Status as of Jun 19, 8:16 AM · synced 10d ago
Introduced
2025-03-03
Data source mode: congress-gov
Bill Engagement
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.
Lobbyists on the case
- National Small Business Association5 filings · 4 lobs
- John Furth2026 Q1
- Todd Mccracken2026 Q1
- Rachel Grey2025 Q4
- Reed Westcott2025 Q4