HR. 1804In Committee
7(a) Loan Agent Oversight Act
Plain-English overview
What this bill does
Require the Small Business Administration to file annual reports on 7(a) loan agents, including their use, fraud-linked loans, purchase rates, and referral fees
Key points
- Require annual SBA reports
- Assess 7a loan agent activity
- Review fraud linked loans
- Review referral fee totals
Current status
Where it stands
Status
In Committee
Latest action
2025-06-04 — Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Related context
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Discovery signals
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Impact and Momentum are relative discovery aids calculated by Legislation Lemur. They help you scan the congressional record; they are not predictions, endorsements, ideological ratings, or measures of policy importance.
Impact ScoreOverall observed legislative footprint and accumulated activity.
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