118th Congress Commerce
H.R. 1644: 7(a) Loan Agent Oversight Act
Reported
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Dean Phillips D-MNOriginal
- Blaine Luetkemeyer R-MO
Who scored on this bill
- 1Daniel Meuser SponsorDrew cross-party cosponsors, introduced, reported3 events+26
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Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Daniel Meuser
History
- Introduced in the House by Daniel Meuser.
Show the full action history (6 actions)
- Reported by the Committee on Small Business. H. Rept. 118-99.
- Placed on the Union Calendar, Calendar No. 76.
- Committee Consideration and Mark-up Session Held
- Ordered to be Reported Without Recommendation by the Yeas and Nays: 22 - 0.
- Introduced in House
- Referred to the House Committee on Small Business.