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Bill119th CongressFiled Mar 3, 2025Commerce
H.R. 1804

7(a) Loan Agent Oversight Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary introduced in house (Mar 3, 2025)

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.

What just happenedJun 4, 2025

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

Who’s behind it

Rep. Meuser, Daniel [R-PA-9](R-PA)Sponsor
1 cosponsor1 D
Read on Congress.gov
1cosponsors2committees17actions5subjects
  1. Jun 4, 2025IntroReferral

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

    Small Business and Entrepreneurship Committee
  2. Jun 3, 2025FloorH38310

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

  3. Jun 3, 2025FloorH37300

    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)

  4. Jun 3, 2025Floor8000

    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)

  5. Jun 3, 2025FloorH30000

    Considered as unfinished business. (consideration: CR H2403-2404)

  6. Jun 3, 2025FloorH37220

    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.

  7. Jun 3, 2025FloorH8D000

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

  8. Jun 3, 2025FloorH30000

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

  9. Jun 3, 2025FloorH30300

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

  10. Mar 24, 2025CalendarsH12410

    Placed on the Union Calendar, Calendar No. 22.

  11. Mar 24, 2025CommitteeH12200

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

    Small Business Committee
  12. Mar 24, 2025Committee5000

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

    Small Business Committee
  13. Mar 5, 2025Committee

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

    Small Business Committee
  14. Mar 5, 2025Committee

    Committee Consideration and Mark-up Session Held

    Small Business Committee
  15. Mar 3, 2025IntroReferralH11100

    Referred to the House Committee on Small Business.

    Small Business Committee
  16. Mar 3, 2025IntroReferralIntro-H

    Introduced in House

  17. Mar 3, 2025IntroReferral1000

    Introduced in House