{"bill":{"id":"119-hr-1804","congress":119,"type":"HR","number":1804,"title":"7(a) Loan Agent Oversight Act","originChamber":"House","introducedDate":"2025-03-03","sponsors":[{"bioguideId":"M001204","fullName":"Rep. Meuser, Daniel [R-PA-9]","party":"R","state":"PA","district":9}],"cosponsorsCount":1,"latestAction":{"actionDate":"2025-06-04","text":"Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship."},"policyArea":"Commerce","subjects":["Congressional oversight","Fraud offenses and financial crimes","Government information and archives","Government lending and loan guarantees","Government studies and investigations"],"actions":[{"date":"2025-06-04","text":"Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.","type":"IntroReferral","chamber":"Senate","hasVote":false},{"date":"2025-06-03","text":"Motion to reconsider laid on the table Agreed to without objection.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-06-03","text":"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)","type":"Floor","chamber":"House floor actions","hasVote":true},{"date":"2025-06-03","text":"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)","type":"Floor","chamber":"Library of Congress","hasVote":true},{"date":"2025-06-03","text":"Considered as unfinished business. (consideration: CR H2403-2404)","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-06-03","text":"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.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-06-03","text":"DEBATE - The House proceeded with forty minutes of debate on H.R. 1804.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-06-03","text":"Considered under suspension of the rules. (consideration: CR H2398-2399)","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-06-03","text":"Mr. Williams (TX) moved to suspend the rules and pass the bill.","type":"Floor","chamber":"House floor actions","hasVote":false},{"date":"2025-03-24","text":"Placed on the Union Calendar, Calendar No. 22.","type":"Calendars","chamber":"House floor actions","hasVote":false},{"date":"2025-03-24","text":"Reported by the Committee on Small Business. H. Rept. 119-33.","type":"Committee","chamber":"House floor actions","hasVote":false},{"date":"2025-03-24","text":"Reported by the Committee on Small Business. H. Rept. 119-33.","type":"Committee","chamber":"Library of Congress","hasVote":false},{"date":"2025-03-05","text":"Ordered to be Reported by the Yeas and Nays: 25 - 0.","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-03-05","text":"Committee Consideration and Mark-up Session Held","type":"Committee","chamber":"House committee actions","hasVote":false},{"date":"2025-03-03","text":"Referred to the House Committee on Small Business.","type":"IntroReferral","chamber":"House floor actions","hasVote":false},{"date":"2025-03-03","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false},{"date":"2025-03-03","text":"Introduced in House","type":"IntroReferral","chamber":"Library of Congress","hasVote":false}],"summary":"<p><strong>7(a) Loan Agent Oversight Act</strong></p><p>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.</p><p>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,&nbsp;and (4) the number and aggregate dollar value of referral fees paid to 7(a) agents.</p>","updateDate":"2025-10-09T00:11:24Z"},"markets":[],"stateBills":[],"meta":{"sources":["congress.gov"],"latencyMs":569,"ts":"2026-04-19T08:23:46.689Z"},"nextActions":{"inspect":[],"related":[{"description":"Search related legislation","method":"GET","url":"/api/public/query-gov?q=7(a)%20Loan%20Agent%20Oversight%20Act"}]}}