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HR 1804
Passed House Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.

7(a) Loan Agent Oversight Act

Introduced Mar 3, 2025

Latest action (Jun 4, 2025) Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Referred to
Small Business and Entrepreneurship Committee Small Business Committee
Policy area
Commerce
Issues
Economy & Taxes
Legislative subjects (5)
Congressional oversightFraud offenses and financial crimesGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigations

Summary

This bill requires the Small Business Administration to submit annual reports to Congress about agents who assist with SBA 7(a) small business loans. The reports must include data on the number of agents, the number of fraudulent loans involving agents, loan purchase rates, referral fees paid to agents, risk analysis of major agents, and how interest rates compare on loans involving agents. The bill defines 7(a) agents as people who provide services such as helping applicants complete loan applications or providing consulting and referral services. This transparency reporting aims to provide Congress with oversight information about the intermediaries involved in the SBA loan program.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
1 cosponsor

Money behind the sponsor

Top reported contributors to Daniel Meuser’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

  • NULL $25,535
  • SUNDANCE VACATIONS $9,900
  • PACE-O-MATIC $9,900
  • PENSKE TRANSPORTATION SOLUTIONS $9,300
  • PRIDE-MOBILIT PRODUCTS CORP $6,600

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Daniel Meuser → · Outside spending →

Actions (15)
  1. Jun 4, 2025 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. · senate
  2. Jun 3, 2025 Motion to reconsider laid on the table Agreed to without objection. · house
  3. Jun 3, 2025 On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 405 - 3 (Roll no. 147). (text: CR H2398) · house
  4. Jun 3, 2025 Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 405 - 3 (Roll no. 147). (text: CR H2398)
  5. Jun 3, 2025 Considered as unfinished business. (consideration: CR H2403-2404) · house
  6. Jun 3, 2025 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed. · house
  7. Jun 3, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 1804. · house
  8. Jun 3, 2025 Considered under suspension of the rules. (consideration: CR H2398-2399) · house
  9. Jun 3, 2025 Mr. Williams (TX) moved to suspend the rules and pass the bill. · house
  10. Mar 24, 2025 Placed on the Union Calendar, Calendar No. 22. · house
  11. Mar 24, 2025 Reported by the Committee on Small Business. H. Rept. 119-33. · house
  12. Mar 5, 2025 Ordered to be Reported by the Yeas and Nays: 25 - 0. · house
  13. Mar 5, 2025 Committee Consideration and Mark-up Session Held · house
  14. Mar 3, 2025 Referred to the House Committee on Small Business. · house
  15. Mar 3, 2025 Introduced in House

How your representatives voted

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Roll-call votes (1)

How the chamber voted on this bill — the outcome, the tally by party, and every member's recorded position. A factual record.

More bills on these subjects (8)

Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).

  • HR 9770 — Continuing Appropriations Act, 2027 (shares 5 subjects)
  • HR 826 — COVID Fraud Transparency Act of 2026 (shares 5 subjects)
  • HR 7148 — Consolidated Appropriations Act, 2026 (shares 5 subjects)
  • HR 7006 — Financial Services and General Government and National Security, Department of State, and Related Programs Appropriations Act, 2026 (shares 5 subjects)
  • S 2882 — Continuing Appropriations and Extensions and Other Matters Act, 2026 (shares 5 subjects)
  • HR 5450 — Continuing Appropriations and Extensions and Other Matters Act, 2026 (shares 5 subjects)
  • HR 5342 — Commerce, Justice, Science, and Related Agencies Appropriations Act, 2026 (shares 5 subjects)
  • HR 4779 — National Security, Department of State, and Related Programs Appropriations Act, 2026 (shares 5 subjects)

Text versions (4)
  • Referred in Senate · Jun 4, 2025
  • Engrossed in House · Jun 3, 2025
  • Reported in House · Mar 24, 2025
  • Introduced in House · Mar 3, 2025

Full text

AN ACT

To amend the Small Business Act to require a report on 7(a) agents, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “7(a) Loan Agent Oversight Act”.

SEC. 2. REPORT ON 7(A) AGENTS.

Section 47 of the Small Business Act (15 U.S.C. 657t) is amended by adding at the end the following new subsection:

“(j) Annual Report.—

“(1) In general.—The Director shall submit to Congress, in addition to the report required under subsection (h)(2), an annual report including, for the calendar year covered by the report—

“(A) the number of 7(a) agents assisting applicants for loans under section 7(a), disaggregated by the type of 7(a) agents consistent with information reported on the Fee Disclosure and Compensation Agreement, or any subsequent agreement forms that collect such information;

“(B) the number of fraudulent loans made for which an applicant used services of a 7(a) agent;

“(C) the purchase rate by the Administrator of loans for which an applicant used services of a 7(a) agent;

“(D) the number and aggregate dollar value of referral fees paid to 7(a) agents, disaggregated by whether the applicant or 7(a) lender paid such fees;

“(E) without identifying individual 7(a) agents by name, a consolidated analysis of the risk created by the individual 7(a) agents responsible for not less than 1 percent of—

“(i) the dollar value of loans made with the assistance of 7(a) agents; and

“(ii) the number of loans made with the assistance of 7(a) agents;

“(F) an analysis of interest rates on loans for which an applicant or 7(a) lender used services of an agent; and

“(G) a description of how the Administrator communicates with 7(a) agents.

“(2) Definitions.—In this subsection:

“(A) 7(a) agent.—The term ‘7(a) agent’ means a person who provides covered services on behalf of a lender or applicant.

“(B) Covered services.—The term ‘covered services’ means—

“(i) assistance with completing an application for a loan under section 7(a) (including preparing a business plan, cash flow projections, financial statements, and related documents); or

“(ii) consulting, broker, or referral services with respect to a loan under section 7(a).”.

Passed the House of Representatives June 3, 2025.

Attest:

Clerk. 119th CONGRESS

1st Session

H. R. 1804

AN ACT

To amend the Small Business Act to require a report on 7(a) agents, and for other purposes.

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