HR 1804referred119th Congress

7(a) Loan Agent Oversight Act

Introduced Mar 3, 2025House billPolicy area: CommerceLast action Jun 4, 2025Sponsor: Daniel Meuser(R-PA)

tradeCommerce

Small Business and Entrepreneurship CommitteeSmall Business Committee

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Official summaryUpdated Jun 4, 2025

What the bill does

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.

Latest official action

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

Lobbying Filings Citing It

$290.0K

Reported on Those Filings, All Issues

Lobbying Clients

100

Recorded Votes

Timeline

Mar 3, 2025bill

Bill introduced

Apr 7, 2025lobbying

Lobbying filed by NATIONAL ASSOCIATION OF GOVERNMENT GUARANTEED LENDERS INC

Apr 21, 2025lobbying

Lobbying filed by NATIONAL SMALL BUSINESS ASSOCIATION

Jun 3, 2025vote

Jodey C. Arrington voted yea

Jun 3, 2025vote

Mark Alford voted yea

Jun 3, 2025vote

Official Congressional Actions

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

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Jun 3, 2025Floor

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

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Jun 3, 2025Floor

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

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Jun 3, 2025Floor

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

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Lobbying Activity

Registrant	Client	Amount	Filed	Period	Issues
NATIONAL ASSOCIATION OF GOVERNMENT GUARANTEED LENDERS, INC.	NATIONAL ASSOCIATION OF GOVERNMENT GUARANTEED LENDERS INC	$180.0K	Apr 7, 2025	2025Q1	BUDSMBBAN
NATIONAL SMALL BUSINESS ASSOCIATION	NATIONAL SMALL BUSINESS ASSOCIATION	$60.0K	Jul 21, 2025	2025Q2	SMB
NATIONAL SMALL BUSINESS ASSOCIATION

Votes on This Bill

Member	Party	Position	Date
Jodey C. Arrington	R	yea	Jun 3, 2025
Mark Alford	R	yea	Jun 3, 2025
Gabe Amo	D	yea	Jun 3, 2025
Yassamin Ansari	D	yea	Jun 3, 2025

About this page

The lobbying table lists Senate LDA quarterly reports (LD-2) that cite this bill by number and cover a quarter of the 119th Congress. An LD-2 names a bill as “H.R. 1234” with no Congress, so a report on another Congress, which can only concern a different bill with the same number, is left out, even when it was filed after this Congress began. The amount is what the registrant reported for the whole filing, across every issue on it, not spending on this bill. Official actions and the bill summary come from Congress.gov, and votes from the roll-call record. This page no longer pairs the bill with members' stock trades: matching lobbying clients to traded companies by name, and trades to a bill by date, is not something the records establish.