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118th Congress Commerce

H.R. 1651: Small Business 7(a) Loan Agent Transparency Act

ReportedJun 5, 2023

  1. Introduced (completed)Mar 17, 2023
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Reported to House, Jun 5, 2023

This bill provides oversight of 7(a) loan agents, including by requiring the Small Business Administration (SBA) to establish a registration system for such agents whereby certain data may be collected and by mandating that such agents register with the system and pay an annual registration fee.

These agents provide 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.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

1

Bipartisan support.

Who scored on this bill

26 points earned
  1. 1Dean Phillips D-MN SponsorDrew cross-party cosponsors, introduced, reported3 events+26
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Introductions and cosponsorships count toward weekly caps and show no points.

History

  1. Mar 17, 2023Introduced in the House by Dean Phillips.
Show the full action history (6 actions)
  1. Jun 5, 2023Reported by the Committee on Small Business. H. Rept. 118-100.
  2. Jun 5, 2023Placed on the Union Calendar, Calendar No. 77.
  3. May 23, 2023Committee Consideration and Mark-up Session Held
  4. May 23, 2023Ordered to be Reported Without Recommendation by the Yeas and Nays: 21 - 0.
  5. Mar 17, 2023Introduced in House
  6. Mar 17, 2023Referred to the House Committee on Small Business.