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    <number>1644</number>
    <updateDate>2025-05-27T14:16:30Z</updateDate>
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    <originChamber>House</originChamber>
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    <introducedDate>2023-03-17</introducedDate>
    <congress>118</congress>
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      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 50 (Friday, March 17, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. MEUSER:H.R. 1644.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8The single subject of this legislation is:This bill requires the Small Business Administration (SBA)to submit an annual report containing specified informationrelated to 7(a) loan agents.[Page H1295]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <chamber>House</chamber>
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        <citation>H. Rept. 118-99</citation>
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        <text>Placed on the Union Calendar, Calendar No. 76.</text>
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        <text>Reported by the Committee on Small Business. H. Rept. 118-99.</text>
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        <text>Ordered to be Reported Without Recommendation by the Yeas and Nays: 22 - 0.</text>
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        <text>Referred to the House Committee on Small Business.</text>
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        <fullName>Rep. Meuser, Daniel [R-PA-9]</fullName>
        <firstName>Daniel</firstName>
        <lastName>Meuser</lastName>
        <party>R</party>
        <state>PA</state>
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        <bioguideId>P000616</bioguideId>
        <fullName>Rep. Phillips, Dean [D-MN-3]</fullName>
        <firstName>Dean</firstName>
        <lastName>Phillips</lastName>
        <party>D</party>
        <state>MN</state>
        <district>3</district>
        <sponsorshipDate>2023-03-17</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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      <item>
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        <fullName>Rep. Luetkemeyer, Blaine [R-MO-3]</fullName>
        <firstName>Blaine</firstName>
        <lastName>Luetkemeyer</lastName>
        <party>R</party>
        <state>MO</state>
        <district>3</district>
        <sponsorshipDate>2023-05-22</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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      <item>
        <pubDate>2023-05-31T16:39:00Z</pubDate>
        <title>H.R. 1644, 7(a) Loan Agent Oversight Act</title>
        <url>https://www.cbo.gov/publication/59227</url>
        <description>As ordered reported by the House Committee on Small Business onMay 23, 2023</description>
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      <name>Commerce</name>
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        <name>Commerce</name>
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        <updateDate>2023-04-14T14:53:34Z</updateDate>
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          <text>&lt;p&gt;&lt;b&gt;7(a) Loan Agent Oversight Act&lt;/b&gt;&lt;/p&gt; &lt;p&gt;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.&lt;/p&gt; &lt;p&gt;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.&lt;/p&gt;</text>
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        <actionDate>2023-06-05</actionDate>
        <actionDesc>Reported to House</actionDesc>
        <updateDate>2023-09-21T18:38:21Z</updateDate>
        <cdata>
          <text>&lt;p&gt;&lt;b&gt;7(a) Loan Agent Oversight Act&lt;/b&gt;&lt;/p&gt; &lt;p&gt;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.&lt;/p&gt; &lt;p&gt;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.&lt;/p&gt;</text>
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    <title>7(a) Loan Agent Oversight Act</title>
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        <titleType>Display Title</titleType>
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        <title>7(a) Loan Agent Oversight Act</title>
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        <title>7(a) Loan Agent Oversight Act</title>
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        <title>7(a) Loan Agent Oversight Act</title>
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        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>To amend the Small Business Act to require a report on 7(a) agents, and for other purposes.</title>
        <updateDate>2024-03-18T20:56:18Z</updateDate>
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      <actionDate>2023-06-05</actionDate>
      <text>Placed on the Union Calendar, Calendar No. 76.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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