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Bill would require annual SBA reports on 7(a) loan agents

Passed one chamberH.R. 1804Latest action

Sponsor: Daniel Meuser · Representative · PA

AIDecoded by AI · checked against the record
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Official title: 7(a) Loan Agent Oversight Act

119th Congress

Topics: Jobs & the economy

Introduced:

Read the official bill on Congress.gov

In plain words

The plain-language version comes first. The official text is always the reference.

HR 1804 requires the SBA to report yearly to Congress on agents who help small businesses get 7(a) loans.

35-second read · 4 questions answered below

What does this do?

This bill requires the SBA to send Congress an annual report tracking 7(a) loan agents, including how many operate, fraud involving agents, referral fees received, interest rate comparisons, and a risk analysis of high-volume agents. The report would not name specific agents.

Who does it affect?

The bill mainly affects the SBA, which gets new reporting duties, and the loan agents whose activities will be tracked. Small business owners using agents and lenders working with 7(a) loans could also be indirectly affected.

Why does it matter?

Increased oversight and reporting could lead to future changes in fees, practices, or regulations for agents, lenders, and small business borrowers.

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Where does it stand?

  1. IntroducedMar 3, 2025
  2. House committee
  3. House vote
  4. SenateYou are here · Jun 4, 2025
  5. The president's desk

Right now: it passed the House, and the official record shows nothing new since. If the Senate changes it, it goes back to the House before reaching the president.

Latest action: — Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Data as of October 9, 2026

Recorded votes

Roll-call votes recorded since January 3, 2025.

  1. House · · Roll call 147

    As recorded

    Question
    On Motion to and Pass
    Result:
    Passed
    405
    Nay
    3
    0
    24

    Republicans 208 yes, 2 no, 10 not voting · Democrats 197 yes, 1 no, 14 not voting

    Official record
    How members voted

    The official record lists how each member voted.Official record

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