H.R. 4531, 7(a) Loan Agent Oversight Act

3.0.0 4531 2023-03-08T20:26:19Z 2023-03-08T20:26:19Z House HR 2021-07-19 117 [Congressional Record Volume 167, Number 126 (Monday, July 19, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MEUSER:H.R. 4531.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1``The Congress shall have Power to . . . provide for the .. . general Welfare of the United States; . . .''[Page H3669]]]> sssb00 Small Business and Entrepreneurship Committee Senate Standing Referred to 2021-11-03T16:20:32Z hssm00 Small Business Committee House Standing Reported by 2021-10-12T21:21:45Z Markup by 2021-07-29T17:28:26Z Referred to 2021-07-19T18:03:30Z H. Rept. 117-144 2021-11-03 sssb00 Small Business and Entrepreneurship Committee Senate Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. IntroReferral 2021-11-02 17:19:56 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2021-11-02 17:19:55 On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 411 - 9 (Roll no. 352). (text: CR H6092) Floor H37300 2 House floor actions 352 https://clerk.house.gov/evs/2021/roll352.xml House 117 2021-11-02T21:19:55Z 1 2021-11-02 17:19:55 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): 411 - 9 (Roll no. 352).(text: CR H6092) Floor 8000 9 Library of Congress 352 https://clerk.house.gov/evs/2021/roll352.xml House 117 2021-11-02T21:19:55Z 1 2021-11-02 17:02:44 Considered as unfinished business. (consideration: CR H6102-6103) Floor H30000 2 House floor actions 2021-11-02 13:28:44 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. Floor H37220 2 House floor actions 2021-11-02 13:19:52 DEBATE - The House proceeded with forty minutes of debate on H.R. 4531. Floor H8D000 2 House floor actions 2021-11-02 13:19:50 Considered under suspension of the rules. (consideration: CR H6092-6093) Floor H30000 2 House floor actions 2021-11-02 13:18:45 Ms. Velazquez moved to suspend the rules and pass the bill. Floor H30300 2 House floor actions 2021-10-12 Placed on the Union Calendar, Calendar No. 104. Calendars H12410 2 House floor actions U00104 2021-10-12 Reported by the Committee on Small Business. H. Rept. 117-144. Committee H12200 2 House floor actions hssm00 Small Business Committee 2021-10-12 Reported by the Committee on Small Business. H. Rept. 117-144. Committee 5000 9 Library of Congress hssm00 Small Business Committee 2021-07-29 hssm00 Small Business Committee 1 House committee actions Ordered to be Reported by Voice Vote. Committee 2021-07-29 hssm00 Small Business Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2021-07-19 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2021-07-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-07-19 Introduced in House IntroReferral 1000 9 Library of Congress M001204 Rep. Meuser, Daniel [R-PA-9] Daniel Meuser R PA 9 N P000616 Rep. Phillips, Dean [D-MN-3] Dean Phillips D MN 3 2021-07-19 True V000134 Rep. Van Duyne, Beth [R-TX-24] Beth Van Duyne R TX 24 2021-07-29 False 2022-09-06T21:19:00Z H.R. 4531, 7(a) Loan Agent Oversight Act https://www.cbo.gov/publication/58449 As passed by the House of Representatives on November 2, 2021 Commerce Congressional oversight Fraud offenses and financial crimes Government information and archives Government lending and loan guarantees Government studies and investigations Commerce

00 2021-07-19 Introduced in House 2022-02-28T15:18:41Z 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, and (3) the number and aggregate dollar value of referral fees paid to 7(a) agents.

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07 2021-10-12 Reported to House 2021-10-19T20:37:54Z 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 guarantees up to 80% of a private lender's loan to a small business borrower who cannot obtain credit elsewhere on reasonable terms and conditions.

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53 2021-11-02 Passed House 2021-11-10T11:50:14Z 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 guarantees up to 80% of a private lender's loan to a small business borrower who cannot obtain credit elsewhere on reasonable terms and conditions.

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7(a) Loan Agent Oversight Act Display Title 7(a) Loan Agent Oversight Act Official Title as Introduced To amend the Small Business Act to require a report on 7(a) agents, and for other purposes. Reported in House RH Short Title(s) as Passed House 7(a) Loan Agent Oversight Act H House Engrossed in House EH Short Titles as Passed House 7(a) Loan Agent Oversight Act H House Short Title(s) as Introduced 7(a) Loan Agent Oversight Act Introduced in House IH Short Title(s) as Reported to House 7(a) Loan Agent Oversight Act H House Reported in House RH Referred in Senate 2021-11-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr4531rfs/xml/BILLS-117hr4531rfs.xml Engrossed in House 2021-11-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr4531eh/xml/BILLS-117hr4531eh.xml Reported in House 2021-10-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr4531rh/xml/BILLS-117hr4531rh.xml Introduced in House 2021-07-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr4531ih/xml/BILLS-117hr4531ih.xml 2021-11-03 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. 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. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.