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 Aug 14, 2:46 AM · synced 7h ago
Introduced
2025-03-03
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Carried by these fly-ins
1NSBA Washington Presentation 2026
Sep 22, 2026 – Sep 23, 2026 · Washington, DC
Hosted by National Small Business Association
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
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