H.R. 1804 · Where this bill is now
In the Senate
Passed the House Jun 3, 2025. Received Jun 4, 2025; no Senate vote yet
What this bill does
In plain words · AI-written from the official summaryAdds oversight of SBA loan referral agents
The SBA helps small businesses get loans when banks won't lend to them. But some agents charge fees to help people apply for these loans. This bill requires the SBA to report annually on these agents, including how many exist, whether any helped with fraudulent loans, and how much in fees they collect.
How it affects you
If you're a small business owner seeking an SBA loan, this doesn't directly change how you apply or what you pay. But it gives Congress better information about whether these fee-charging agents are operating fairly and honestly, which could lead to stronger protections down the road.
Read the official summary (Introduced in House, Mar 3, 2025)
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.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 1804
AN ACT
7(a) Loan Agent Oversight Act
Sponsor: Rep. Daniel Meuser (R-PA-9) · Introduced Mar 3, 2025 · Commerce · 4 versions of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jun 4, 2025: “Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.”
How Congress voted
Official roll callsHouse · On Motion to Suspend the Rules and Pass · Jun 3, 2025
Motion to Suspend the Rules and Pass Passed 405–3
| Party | Yes | No | Didn’t vote |
|---|---|---|---|
| Democrats | 197 | 1 | 14 |
| Republicans | 208 | 2 | 10 |
3 members voted against most of their party: 1 Democrats voted No and 2 Republicans voted No.
Congress votes on whole bills and amendments, not on single sections.
Sections
The wording of this bill hasn’t changed across its 4 official versions.