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

$151.8M

Total Lobbying Spend

Suspicious Trades

Members Involved

Timeline

Apr 22, 2024lobbying

Lobbying filed by NATIONAL TREASURY EMPLOYEES UNION

Jul 17, 2024lobbying

Lobbying filed by NATIONAL TREASURY EMPLOYEES UNION

Oct 21, 2024lobbying

Lobbying filed by NATIONAL TREASURY EMPLOYEES UNION

Jan 21, 2025lobbying

Lobbying filed by NATIONAL TREASURY EMPLOYEES UNION

Mar 3, 2025bill

Bill introduced

Apr 7, 2025lobbying

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

DEBATE - The House proceeded with forty minutes of debate on H.R. 1804.

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

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Lobbying Activity

Registrant	Client	Amount	Filed	Period	Issues
NATIONAL TREASURY EMPLOYEES UNION	NATIONAL TREASURY EMPLOYEES UNION	$34.8M	Jan 21, 2025	2024Q4	BUDGOVHCR
NATIONAL TREASURY EMPLOYEES UNION	NATIONAL TREASURY EMPLOYEES UNION	$32.0M	Jul 17, 2024	2024Q2	BUDGOVHCR
NATIONAL TREASURY EMPLOYEES UNION

Suspicious Trading Activity

Congress members who traded stocks in companies connected to lobbying on this bill, within 90 days of its introduction date.

No suspicious trade-lobbying connections found for this bill.

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

Methodology: Bill-Lobbying-Trade Connection

CapitolExposed identifies the "bill-lobbying-trade pipeline" by: (1) finding lobbying filings (LD-2) that specifically mention this bill, (2) matching lobbying clients to publicly traded companies, and (3) finding stock trades by members of Congress in those companies within 90 days of the bill's introduction date. Trades made before the bill was introduced are highlighted in red, as they may indicate advance knowledge. This analysis surfaces correlations worthy of scrutiny; it does not prove wrongdoing.