PlainBillCongress, translated.Legislation. Context. Public interest.Placed on the Union Calendar, Calendar No. 76.
Congressional Research Service
Version 07 · Reported to House · Jun 5, 2023
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, and (3) the number and aggregate dollar value of referral fees paid to 7(a) agents.
People & committees
Rep. Meuser, Daniel [R-PA-9] · R–PA
Legislative record
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Placed on the Union Calendar, Calendar No. 76.
Reported by the Committee on Small Business. H. Rept. 118-99.
Reported by the Committee on Small Business. H. Rept. 118-99.
Ordered to be Reported Without Recommendation by the Yeas and Nays: 22 - 0.
Committee Consideration and Mark-up Session Held
Referred to the House Committee on Small Business.
Introduced in House
Introduced in House
Primary sources
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Source last updated: May 27, 2025. Consult Congress.gov for the current record.
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