[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9691 Introduced in House (IH)]
<DOC>
119th CONGRESS
2d Session
H. R. 9691
To amend the Small Business Act to modify the annual report of the
Office of Credit Risk Management, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 14, 2026
Ms. Velazquez introduced the following bill; which was referred to the
Committee on Small Business
_______________________________________________________________________
A BILL
To amend the Small Business Act to modify the annual report of the
Office of Credit Risk Management, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``7(a) Program Risk Oversight Act''.
SEC. 2. MODIFICATIONS TO ANNUAL REPORT OF THE OFFICE OF CREDIT RISK
MANAGEMENT.
(a) In General.--Section 47(h) of the Small Business Act (15 U.S.C.
657t(h)) is amended--
(1) in paragraph (2)--
(A) in subparagraph (A), by inserting before the
semicolon the following: ``, and the program risk set
forth separately by the type of loan guaranteed under
such section'';
(B) by redesignating subparagraphs (D) through (J)
as subparagraphs (H) through (N), respectively;
(C) by inserting after subparagraph (C) the
following:
``(D) an analysis of the program risk for loans
guaranteed under section 7(a), set forth separately for
the year covered by the report by such loans with a
dollar value of--
``(i) less than or equal to $50,000;
``(ii) greater than $50,000 and less than
or equal to $250,000;
``(iii) greater than $250,000 and less than
or equal to $350,000;
``(iv) greater than $350,000 and less than
or equal to $500,000;
``(v) greater than $500,000 and less than
or equal to $1,000,000; and
``(vi) greater than $1,000,000 and less
than or equal to $5,000,000;
``(E) an analysis of the program risk for loan
guarantees made under section 7(a), set forth
separately for the year covered by the report for loans
that were originated--
``(i) less than one year before the date of
submission of the report;
``(ii) at least one year, but not more than
two years before such date; and
``(iii) more than two years before such
date;
``(F) an analysis of program risk for loan
guarantees made under section 7(a), set forth
separately for the year covered by the report for loans
that were originated to--
``(i) a borrower that uses such loan to
open a business;
``(ii) a borrower not described in clause
(i) that is a business concern that has been in
operation for less than or equal to two years
before the date of origination; and
``(iii) a borrower that is a business
concern that has been in operation for more
than two years on the date of origination;
``(G) an analysis of the program risk for loans
made under section 7(a), set forth separately for the
year covered by the report for loans that were
originated by--
``(i) a bank holding company (as defined in
section 2 of the Bank Holding Company Act of
1956 (12 U.S.C. 1841));
``(ii) an insured credit union (as defined
in section 101 of the Federal Credit Union Act
(12 U.S.C. 1752));
``(iii) a State credit union (as defined in
such section 101) for which insurance is
provided by a private deposit insurer (as
defined in section 43(e)(4) of the Federal
Deposit Insurance Act (12 U.S.C. 1831t(e)(4)));
``(iv) a small business lending company (as
defined in section 3), including a Community
Advantage Small Business Lending Company (as
defined in section 120.10 of title 13, Code of
Federal Regulations (or any successor
regulation)); and
``(v) a non-Federally regulated lender;'';
(D) in subparagraph (H) (as so redesignated), by
striking ``subparagraphs (A), (B), and (C)'' and
inserting ``subparagraphs (A) through (G)'';
(E) by amending subparagraph (J) (as so
redesignated) to read as follows:
``(J) the number and total dollar amount of
purchases by the Administrator of the principal and
interest of loans guaranteed under section 7(a) that
are in default, the total dollar amount of collections
recovered on such purchases, and the number and total
dollar amount of charge-offs for such purchases, set
forth separately by the type of institution that
originated the loan as described in subparagraph
(G);'';
(F) in subparagraph (M) (as so redesignated), by
striking ``and'' at the end;
(G) in subparagraph (N) (as so redesignated), by
striking the period at the end; and
(H) by adding at the end the following new
subparagraphs:
``(O) of the enforcement actions described in
subparagraphs (K) and (L), the number of such actions
taken for fraud;
``(P) of the civil monetary penalties assessed
under subparagraph (N), the number of such penalties
assessed for fraud;
``(Q) the number and total dollar amount of loans
guaranteed under section 7(a) that are between 31 and
59 days past due, deferred, or delinquent, set forth
separately by the type of institution that originated
the loan as described in subparagraph (G) of this
section; and
``(R) the number and total dollar amount of loans
guaranteed under section 7(a) that the Administrator
has determined to have been made fraudulently, set
forth separately by the type of institution that
originated the loan as described in subparagraph (G) of
this section.''; and
(2) by adding at the end the following:
``(3) Availability of report.--The Director shall make
available to the public on a website of the Administration the
report required under paragraph (2) not later than 7 days after
the Director submits such report to Congress.''.
(b) Technical Amendment.--Section 47(d) of the Small Business Act
(15 U.S.C. 657t(d)) is amended by striking ``premise'' each place it
appears and inserting ``premises''.
<all>