H.R. 1804
119th Congress
7(a) Loan Agent Oversight Act
1
Cosponsors
17
Actions
0
Amendments
2
Committees
—
Since introduced
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
4 June 2025·1 year ago
Summary
Introduced in House · Updated 30 May 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.
Timeline
17 actions
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
4 June 2025 · IntroReferral
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.
3 June 2025 · Floor
Considered as unfinished business. (consideration: CR H2403-2404)
3 June 2025 · Floor
Mr. Williams (TX) moved to suspend the rules and pass the bill.
3 June 2025 · Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 1804.
3 June 2025 · Floor
Considered under suspension of the rules. (consideration: CR H2398-2399)
3 June 2025 · Floor
Motion to reconsider laid on the table Agreed to without objection.
3 June 2025 · Floor
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)
3 June 2025 · Floor
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)
3 June 2025 · Floor
Placed on the Union Calendar, Calendar No. 22.
24 March 2025 · Calendars
Reported by the Committee on Small Business. H. Rept. 119-33.
24 March 2025 · Committee
Reported by the Committee on Small Business. H. Rept. 119-33.
24 March 2025 · Committee
Ordered to be Reported by the Yeas and Nays: 25 - 0.
5 March 2025 · Committee
Committee Consideration and Mark-up Session Held
5 March 2025 · Committee
Referred to the House Committee on Small Business.
3 March 2025 · IntroReferral
Introduced in House
3 March 2025 · IntroReferral
Introduced in House
3 March 2025 · IntroReferral
Sponsorship
1 cosponsors
Sponsor
Republican:Rep. Meuser, Daniel [R-PA-9]PACosponsors
- Democrat1100%
- Democrat:Rep. McIver, LaMonica [D-NJ-10]NJ
Classification
Policy area
CommerceLegislative subjects
Committees
2
Small Business Committee
House · Standing
- Referred To3 Mar 2025
- Markup By5 Mar 2025
- Reported By24 Mar 2025
Small Business and Entrepreneurship Committee
Senate · Standing
- Referred To4 Jun 2025
Reports
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