Bill

H.R. 1804 (119th): 7(a) Loan Agent Oversight Act

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.

house · Substantive

Rankings updated October 26, 2026, 11:44 AM ET · Votes through September 30, 2026
Exported candidates: 719 | Filings on file, by office: H: 5838 | P: 1467 | S: 1567. These counts include every filing for that office, so they are larger than the ranked list. One person can have more than one filing. Non-voting delegates are left out.

Recorded summary

The bill directs the Small Business Administration to submit an annual report on 7(a) loan agents, who charge fees for referral and loan application services related to the 7(a) Program. The report must include the number and type of agents, the number of fraudulent loans in which an applicant used an agent's services, the purchase rate of those loans, and the number and aggregate dollar value of referral fees paid to agents.

fraud_reportingoversightproceduralsmall_business

Theological note: The bill's issue relevance lies in honest dealing and stewardship of public credit. Scripture condemns dishonest gain and false weights (Proverbs 11:1; Micah 6:11), and government has a general duty to guard the integrity of programs that serve borrowers and taxpayers. The measure is a reporting requirement that gathers data on possible fraud and fee-based intermediaries. Its moral weight is modest and prudential, since it does not itself prohibit or punish any wrongdoing.

How this bill is scored

Recorded votes

Roll 147 · 3-Jun-2025 6:58 PM · On Motion to Suspend the Rules and Pass · Passed

Yea 405 · Nay 3 · Other 24

Yea

Nay

Other

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