119th Congress
H.R. 1804
7(a) Loan Agent Oversight Act
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Daniel Meuser(R-PA)
- Introduced
- Mar 3, 2025
- Policy area
- Commerce
- Committees
- House Committee on Small Business; Senate Committee on Small Business and Entrepreneurship
- Official text
- Referred in Senate · Congress.gov page
Cosponsors (1)
Original cosponsors (1)
- LaMonica McIver (D-NJ)
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
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.
Roll-call votes
| Date | Vote | Result | Your members |
|---|---|---|---|
| Jun 3, 2025 House #147 | On Motion to Suspend the Rules and Pass: 7(a) Loan Agent Oversight Act | Passed | Set your home to see |
Actions
- Jun 4, 2025 · Senate
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. - Jun 3, 2025 · House
Motion to reconsider laid on the table Agreed to without objection. - Jun 3, 2025 · 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) - Jun 3, 2025 · House
Considered as unfinished business. (consideration: CR H2403-2404) - Jun 3, 2025 · House
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. - Jun 3, 2025 · House
DEBATE - The House proceeded with forty minutes of debate on H.R. 1804. - Jun 3, 2025 · House
Considered under suspension of the rules. (consideration: CR H2398-2399) - Jun 3, 2025 · House
Mr. Williams (TX) moved to suspend the rules and pass the bill. - Mar 24, 2025 · House
Placed on the Union Calendar, Calendar No. 22. - Mar 24, 2025 · House
Reported by the Committee on Small Business. H. Rept. 119-33. - Mar 5, 2025
Ordered to be Reported by the Yeas and Nays: 25 - 0. - Mar 5, 2025
Committee Consideration and Mark-up Session Held - Mar 3, 2025 · House
Referred to the House Committee on Small Business. - Mar 3, 2025
Introduced in House