Both sides have signed this (Bill Ranking)
H.R. 1804 · 119th Congress (2025-2026)
2 members · Left 1 · Center 0 · Right 1 (Bill Ranking)
| Sponsor | Rep. Meuser, Daniel (R-PA) (Introduced 03/03/2025) |
|---|---|
| Sponsor Voting Record | Lean right · DW-NOMINATE +0.49 · measured from every roll-call vote this member has cast (voteview.com) (Sponsor Ranking) |
| Support |
LLLCLRR support across the spectrum: 2 members signed on (Bill Ranking) this bill: sponsor + current cosponsors, each once |
| Committees | Senate - Small Business and Entrepreneurship Committee; House - Small Business Committee; House - Small Business Committee; House - Small Business Committee |
| Latest Action | 06/04/2025 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. |
| Roll Call Votes | 1 |
| Source | view on congress.gov → |
Introduced in House (03/03/2025)
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.
119 HR 1804 EH: 7(a) Loan Agent Oversight Act U.S. House of Representatives text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IB 119th CONGRESS1st Session H. R. 1804
IN THE HOUSE OF REPRESENTATIVES AN ACT To amend the Small Business Act to require a report on 7(a) agents, and for other purposes.
1.Short titleThis Act may be cited as the 7(a) Loan Agent Oversight Act.
2.Report on 7(a) agentsSection 47 of the Small Business Act (15 U.S.C. 657t) is amended by adding at the end the following new subsection: (j)Annual report (1)In generalThe Director shall submit to Congress, in addition to the report required under subsection (h)(2), an annual report including, for the calendar year covered by the report— (A)the number of 7(a) agents assisting applicants for loans under section 7(a), disaggregated by the type of 7(a) agents consistent with information reported on the Fee Disclosure and Compensation Agreement, or any subsequent agreement forms that collect such information; (B)the number of fraudulent loans made for which an applicant used services of a 7(a) agent; (C)the purchase rate by the Administrator of loans for which an applicant used services of a 7(a) agent; (D)the number and aggregate dollar value of referral fees paid to 7(a) agents, disaggregated by whether the applicant or 7(a) lender paid such fees; (E)without identifying individual 7(a) agents by name, a consolidated analysis of the risk created by the individual 7(a) agents responsible for not less than 1 percent of— (i)the dollar value of loans made with the assistance of 7(a) agents; and (ii)the number of loans made with the assistance of 7(a) agents; (F)an analysis of interest rates on loans for which an applicant or 7(a) lender used services of an agent; and (G)a description of how the Administrator communicates with 7(a) agents. (2)DefinitionsIn this subsection: (A)7(a) agentThe term 7(a) agent means a person who provides covered services on behalf of a lender or applicant. (B)Covered servicesThe term covered services means— (i)assistance with completing an application for a loan under section 7(a) (including preparing a business plan, cash flow projections, financial statements, and related documents); or (ii)consulting, broker, or referral services with respect to a loan under section 7(a).. Passed the House of Representatives June 3, 2025.Kevin F. McCumber,Clerk.
119 HR 1804 IH: 7(a) Loan Agent Oversight Act U.S. House of Representatives 2025-03-03 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I119th CONGRESS1st SessionH. R. 1804IN THE HOUSE OF REPRESENTATIVESMarch 3, 2025Mr. Meuser (for himself and Mrs. McIver) introduced the following bill; which was referred to the Committee on Small BusinessA BILLTo amend the Small Business Act to require a report on 7(a) agents, and for other purposes.1.Short titleThis Act may be cited as the 7(a) Loan Agent Oversight Act.2.Report on 7(a) agentsSection 47 of the Small Business Act (15 U.S.C. 657t) is amended by adding at the end the following new subsection:(j)Annual report(1)In generalThe Director shall submit to Congress, in addition to the report required under subsection (h)(2), an annual report including, for the calendar year covered by the report—(A)the number of 7(a) agents assisting applicants for loans under section 7(a), disaggregated by the type of 7(a) agents consistent with information reported on the Fee Disclosure and Compensation Agreement, or any subsequent agreement forms that collect such information;(B)the number of fraudulent loans made for which an applicant used services of a 7(a) agent;(C)the purchase rate by the Administrator of loans for which an applicant used services of a 7(a) agent;(D)the number and aggregate dollar value of referral fees paid to 7(a) agents, disaggregated by whether the applicant or 7(a) lender paid such fees;(E)without identifying individual 7(a) agents by name, a consolidated analysis of the risk created by the individual 7(a) agents responsible for not less than 1 percent of—(i)the dollar value of loans made with the assistance of 7(a) agents; and(ii)the number of loans made with the assistance of 7(a) agents;(F)an analysis of interest rates on loans for which an applicant or 7(a) lender used services of an agent; and (G)a description of how the Administrator communicates with 7(a) agents.(2)DefinitionsIn this subsection:(A)7(a) agentThe term 7(a) agent means a person who provides covered services on behalf of a lender or applicant.(B)Covered servicesThe term covered services means—(i)assistance with completing an application for a loan under section 7(a) (including preparing a business plan, cash flow projections, financial statements, and related documents); or (ii)consulting, broker, or referral services with respect to a loan under section 7(a)..
119 HR 1804 : 7(a) Loan Agent Oversight Act U.S. House of Representatives text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IIB119th CONGRESS1st SessionH. R. 1804IN THE SENATE OF THE UNITED STATESJune 4, 2025Received; read twice and referred to the Committee on Small Business and EntrepreneurshipAN ACTTo amend the Small Business Act to require a report on 7(a) agents, and for other purposes.1.Short titleThis Act may be cited as the 7(a) Loan Agent Oversight Act.2.Report on 7(a) agentsSection 47 of the Small Business Act (15 U.S.C. 657t) is amended by adding at the end the following new subsection:(j)Annual report(1)In generalThe Director shall submit to Congress, in addition to the report required under subsection (h)(2), an annual report including, for the calendar year covered by the report—(A)the number of 7(a) agents assisting applicants for loans under section 7(a), disaggregated by the type of 7(a) agents consistent with information reported on the Fee Disclosure and Compensation Agreement, or any subsequent agreement forms that collect such information;(B)the number of fraudulent loans made for which an applicant used services of a 7(a) agent;(C)the purchase rate by the Administrator of loans for which an applicant used services of a 7(a) agent;(D)the number and aggregate dollar value of referral fees paid to 7(a) agents, disaggregated by whether the applicant or 7(a) lender paid such fees;(E)without identifying individual 7(a) agents by name, a consolidated analysis of the risk created by the individual 7(a) agents responsible for not less than 1 percent of—(i)the dollar value of loans made with the assistance of 7(a) agents; and(ii)the number of loans made with the assistance of 7(a) agents;(F)an analysis of interest rates on loans for which an applicant or 7(a) lender used services of an agent; and (G)a description of how the Administrator communicates with 7(a) agents.(2)DefinitionsIn this subsection:(A)7(a) agentThe term 7(a) agent means a person who provides covered services on behalf of a lender or applicant.(B)Covered servicesThe term covered services means—(i)assistance with completing an application for a loan under section 7(a) (including preparing a business plan, cash flow projections, financial statements, and related documents); or (ii)consulting, broker, or referral services with respect to a loan under section 7(a)..Passed the House of Representatives June 3, 2025.Kevin F. McCumber,Clerk.
119 HR 1804 RH: 7(a) Loan Agent Oversight Act U.S. House of Representatives 2025-03-24 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. IBUnion Calendar No. 22119th CONGRESS1st SessionH. R. 1804[Report No. 119–33]IN THE HOUSE OF REPRESENTATIVESMarch 3, 2025Mr. Meuser (for himself and Mrs. McIver) introduced the following bill; which was referred to the Committee on Small BusinessMarch 24, 2025Committed to the Committee of the Whole House on the State of the Union and ordered to be printedA BILLTo amend the Small Business Act to require a report on 7(a) agents, and for other purposes.1.Short titleThis Act may be cited as the 7(a) Loan Agent Oversight Act.2.Report on 7(a) agentsSection 47 of the Small Business Act (15 U.S.C. 657t) is amended by adding at the end the following new subsection:(j)Annual report(1)In generalThe Director shall submit to Congress, in addition to the report required under subsection (h)(2), an annual report including, for the calendar year covered by the report—(A)the number of 7(a) agents assisting applicants for loans under section 7(a), disaggregated by the type of 7(a) agents consistent with information reported on the Fee Disclosure and Compensation Agreement, or any subsequent agreement forms that collect such information;(B)the number of fraudulent loans made for which an applicant used services of a 7(a) agent;(C)the purchase rate by the Administrator of loans for which an applicant used services of a 7(a) agent;(D)the number and aggregate dollar value of referral fees paid to 7(a) agents, disaggregated by whether the applicant or 7(a) lender paid such fees;(E)without identifying individual 7(a) agents by name, a consolidated analysis of the risk created by the individual 7(a) agents responsible for not less than 1 percent of—(i)the dollar value of loans made with the assistance of 7(a) agents; and(ii)the number of loans made with the assistance of 7(a) agents;(F)an analysis of interest rates on loans for which an applicant or 7(a) lender used services of an agent; and (G)a description of how the Administrator communicates with 7(a) agents.(2)DefinitionsIn this subsection:(A)7(a) agentThe term 7(a) agent means a person who provides covered services on behalf of a lender or applicant.(B)Covered servicesThe term covered services means—(i)assistance with completing an application for a loan under section 7(a) (including preparing a business plan, cash flow projections, financial statements, and related documents); or (ii)consulting, broker, or referral services with respect to a loan under section 7(a)..March 24, 2025Committed to the Committee of the Whole House on the State of the Union and ordered to be printed
The bill's own words, from our database (synced from the GPO BILLS XML); paragraph breaks added at the bill's section boundaries, nothing else changed.
| Date | Chamber | All Actions |
|---|---|---|
| 03/03/2025 | Library of Congress | Introduced in House |
| 03/03/2025 | Library of Congress | Introduced in House |
| 03/03/2025 | House floor actions | Referred to the House Committee on Small Business. |
| 03/05/2025 | House committee actions | Committee Consideration and Mark-up Session Held |
| 03/05/2025 | House committee actions | Ordered to be Reported by the Yeas and Nays: 25 - 0. |
| 03/24/2025 | Library of Congress | Reported by the Committee on Small Business. H. Rept. 119-33. |
| 03/24/2025 | House floor actions | Reported by the Committee on Small Business. H. Rept. 119-33. |
| 03/24/2025 | House floor actions | Placed on the Union Calendar, Calendar No. 22. |
| 06/03/2025 | House floor actions | Mr. Williams (TX) moved to suspend the rules and pass the bill. |
| 06/03/2025 | House floor actions | Considered under suspension of the rules. (consideration: CR H2398-2399) |
| 06/03/2025 | House floor actions | DEBATE - The House proceeded with forty minutes of debate on H.R. 1804. |
| 06/03/2025 | House floor actions | 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. |
| 06/03/2025 | House floor actions | Considered as unfinished business. (consideration: CR H2403-2404) |
| 06/03/2025 | Library of Congress | 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) |
| 06/03/2025 | House floor actions | 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) |
| 06/03/2025 | House floor actions | Motion to reconsider laid on the table Agreed to without objection. |
| 06/04/2025 | Senate | Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. |
| Title Type | Title |
|---|---|
| Official Titles from EH (Engrossed in House) bill text | To amend the Small Business Act to require a report on 7(a) agents, and for other purposes. |
| Short Titles from RFS (Referred to Senate) bill text | 7(a) Loan Agent Oversight Act |
| Short Title(s) as Passed House | 7(a) Loan Agent Oversight Act |
| Short Title(s) as Reported to House | 7(a) Loan Agent Oversight Act |
| Display Title | 7(a) Loan Agent Oversight Act |
| Short Title(s) as Introduced | 7(a) Loan Agent Oversight Act |
| Official Title as Introduced | To amend the Small Business Act to require a report on 7(a) agents, and for other purposes. |
There are no amendments to this bill.
* = Original cosponsor
| Committee | Activity |
|---|---|
| Senate - Small Business and Entrepreneurship Committee | 06/04/2025 Referred To |
| House - Small Business Committee | 03/24/2025 Reported By |
| House - Small Business Committee | 03/05/2025 Markup By |
| House - Small Business Committee | 03/03/2025 Referred To |
No related bill information was received for H.R. 1804.
Policy Area: Commerce
All data on this page comes from our own database (legislation.congress_* tables), synced daily from the GPO govinfo BILLSTATUS and BILLS collections. Formatted after congress.gov; nothing is generated. Member placement is their DW-NOMINATE score (voteview.com, Lewis et al.) - a measurement of roll-call voting behavior, not our judgement. Buckets: Left below −0.50 · Lean Left to −0.25 · Center to +0.25 · Lean Right to +0.50 · Right above +0.50. The bill's Support meter aggregates the people who signed the bill - sponsor and current cosponsors, each counted once - nothing else.