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H.R. 1804

U.S. House•In Senate Committee

Summary

H.R. 1804, the 7(a) Loan Agent Oversight Act, was introduced in the House on Mar 3, 2025 by Rep. Dan Meuser (R) with 1 co-sponsor. It was referred to Small Business And Entrepreneurship, and last saw action on Jun 4, 2025: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Record

Text

H.R. 1804 has 1 co-sponsor and 1 roll call.

hb1804/engrossed-in-house.txt
119 HR 1804 EH: 7(a) Loan Agent Oversight Act
 U.S. House of Representatives
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 IB
 119th CONGRESS  1st Session
 H. R. 1804
 IN THE HOUSE OF REPRESENTATIVES
 AN ACT
To amend the Small Business Act to require a report on 7(a) agents, and for other purposes.
1.
Short title
This Act may be cited as the   7(a) Loan Agent Oversight Act  .
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.  Kevin F. McCumber,  Clerk.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-03-03
  2. Passed House2025-06-03
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Introduced in House Mar 3, 2025

hb1804/introduced-in-house.md

Shown Here:
Introduced in House (03/03/2025)

7(a) Loan Agent Oversight Act

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, (3) the purchase rate of loans for which an applicant used the services of a 7(a) agent, and (4) the number and aggregate dollar value of referral fees paid to 7(a) agents.

Sponsors

Rep. Dan Meuser (R) sponsors H.R. 1804, and 1 member has co-sponsored it from the day it was introduced.

Committees

H.R. 1804 went before 2 committees: Small Business and Entrepreneurship and Small Business.

Small Business and Entrepreneurship
Small Business and Entrepreneurship
Referred To · Jun 4, 2025 · 80 Bills
Small Business
Small Business
Reported By · Mar 24, 2025 · 81 Bills

Reports

1 committee report has been filed on H.R. 1804, the latest H. Rept. 119-33.

Actions

H.R. 1804 has taken 15 actions since Mar 3, 2025, the latest on Jun 4, 2025.

ChamberAction
Jun 4, 2025
Senate
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.Small Business and Entrepreneurship Committee
Jun 3, 202515:53
House
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Jun 3, 202515:53
House
Considered under suspension of the rules. (consideration: CR H2398-2399)
Jun 3, 202515:53
House
DEBATE - The House proceeded with forty minutes of debate on H.R. 1804.
Jun 3, 202516:03
House
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.

Votes

H.R. 1804 went to 1 roll call in the House, the latest on Jun 3, 2025 at 405–3.

ChamberQuestion
Yea
Nay
Jun 3, 2025
House
On Motion to Suspend the Rules and Pass
405
3

Titles

H.R. 1804 goes by 7 titles, 4 of them short titles.

  • To amend the Small Business Act to require a report on 7(a) agents, and for other purposes. — Official Titles from EH (Engrossed in House) bill text
  • 7(a) Loan Agent Oversight Act — Short Titles from RFS (Referred to Senate) bill text
  • 7(a) Loan Agent Oversight Act — Short Title(s) as Passed House
  • 7(a) Loan Agent Oversight Act — Short Title(s) as Reported to House
  • 7(a) Loan Agent Oversight Act — Display Title
  • 7(a) Loan Agent Oversight Act — Short Title(s) as Introduced
  • To amend the Small Business Act to require a report on 7(a) agents, and for other purposes. — Official Title as Introduced

Cost estimate

The Congressional Budget Office has filed 1 estimate for H.R. 1804, the latest on Apr 7, 2025.

Lobbying

2 clients hired 2 firms and 6 registered lobbyists who named H.R. 1804 in 7 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Small Business, Banking, Budget/Appropriations.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
NATIONAL SMALL BUSINESS ASSOCIATION—District of Columbia16—
NATIONAL ASSOCIATION OF GOVERNMENT GUARANTEED LENDERS INC—Texas11—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
NATIONAL SMALL BUSINESS ASSOCIATION16—
NATIONAL ASSOCIATION OF GOVERNMENT GUARANTEED LENDERS, INC.11—

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
JOHN FURTH116
TODD MCCRACKEN116
RACHEL GREY114
REED WESTCOTT114
ANTHONY WILKINSON111
KRISTEN GRANCHELLI111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
NATIONAL ASSOCIATION OF GOVERNMENT GUARANTEED LENDERS INCNATIONAL ASSOCIATION OF GOVERNMENT GUARANTEED LENDERS, INC.2025 first_quarter$180K1st Quarter - Report
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2025 second_quarter$60K2nd Quarter - Report
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2025 third_quarter$50K3rd Quarter - Report
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2025 first_quarter$50K1st Quarter - Report
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2025 fourth_quarter$30K4th Quarter - Report
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2026 second_quarter$16K2nd Quarter - Report
NATIONAL SMALL BUSINESS ASSOCIATIONNATIONAL SMALL BUSINESS ASSOCIATION2026 first_quarter$15K1st Quarter - Report

Classification

The Congressional Research Service files H.R. 1804 under Commerce, one of its 31 policy areas, and gives it 5 legislative subjects.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 1804’s is Commerce.

hr1804/policy-areas.txt
CommerceAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Legislative Subjects

H.R. 1804 carries 5 of CRS’s legislative subjects, from Congressional oversight to Government studies and investigations.

hr1804/subjects.txt
Congressional oversightFraud offenses and financial crimesGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigations

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 1804, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 40 (Monday, March 3, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MEUSER:H.R. 1804.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8[Page H946]

Source: congress.gov · legiscan.com