7(a) Loan Agent Oversight Act (H.R. 1804)
Referred to CommitteeLatest Action
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
6/4/2025 • Senate
Summary
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.
Introduced in House • 3/3/2025
Topics & Subjects
CBO Cost Estimates (1)
Related Federal Spending
Sponsor & Cosponsors (2)
Party Breakdown
Sponsor
Cosponsors (1)
Bill Journey
Originated in the House
Introduced
March 3, 2025
Committee Review
March 5, 2025
Ordered to be Reported by the Yeas and Nays: 25 - 0.
Floor Debate
June 3, 2025
Passed Chamber
June 3, 2025
Other Chamber
President
Enacted into Law
Text Versions (4)
Committee Reports (1)
Committees
Details
Sources and method
· Congress.gov, CRS, House Clerk, CBO, USAspending, FEC, LDA · Record updated Sep 8, 2026
- Congress.govLibrary of CongressStatus, actions, sponsors, cosponsors, committees and textRecord updated Sep 8, 2026 · Loaded Nov 1, 2026, 4:07 PM ET
- CRS bill summaryCongressional Research Service, via Congress.govOfficial summarySummary of the “Introduced in House” version, Mar 3, 2025 · Loaded Nov 1, 2026, 4:07 PM ET
- House roll-call votesOffice of the Clerk, U.S. House of RepresentativesRoll-call results on this billLatest roll call Jun 3, 2025 · Loaded Nov 1, 2026, 4:07 PM ET
- CBO cost estimatesCongressional Budget OfficeCost estimatesLatest estimate Apr 7, 2025 · Loaded Nov 1, 2026, 4:07 PM ET
- USAspending.govU.S. Department of the TreasuryRelated Federal Spending section
- FEC filingsFederal Election CommissionFunding & Lobbying section
- Lobbying disclosures (LDA)Secretary of the Senate and Clerk of the HouseFunding & Lobbying section
All sources: Public domain (17 U.S.C. § 105) · Method: Data sources → · Campaign finance →
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Dates shown where the source reports one. “Loaded” is when CIV.IQ last fetched the record.