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HR1804FEDERALSession 119Federal Billpassed chamber

Passed

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

Original title: 7(a) Loan Agent Oversight Act

Last action · June 4, 2025: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.Sponsors: Daniel Meuser and 1 other

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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What This Bill Would Do

This bill requires the Small Business Administration (SBA) to submit an annual report to Congress detailing the activities, fees, and risks associated with '7(a) agents' who assist small businesses in applying for federal loans. The goal is to increase transparency regarding the role these agents play in the loan process.

Why it matters

This bill mandates new federal reporting on third-party agents who assist small businesses with SBA s, which could lead to future regulatory changes regarding how these agents operate and charge fees.

Who It Would Affect

Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.

Directly affected

Small Business Administration

The agency is required to compile and submit new annual data regarding 7(a) agents.

Directly affected

7(a) Loan Agents

Their activities, fees, and loan outcomes will be subject to new federal reporting and risk analysis.

Indirectly affected

Small Business Loan Applicants

Applicants may see changes in how agents operate or how fees are disclosed as a result of increased federal oversight.

Key Facts

The bill mandates an annual report to Congress from the SBA regarding 7(a) loan agents.
The report must include the total number of 7(a) agents, categorized by type.
The report must track the number of fraudulent loans associated with the use of a 7(a) agent.
The report must track the 'purchase rate' of loans where an agent was involved.

Show all 10 facts

The report must disclose the total number and dollar value of referral fees paid to agents, split by whether the applicant or the lender paid the fee.
The report must provide a consolidated risk analysis of agents responsible for at least 1% of the total dollar value or number of agent-assisted loans, without naming specific agents.
The report must analyze interest rates on loans involving 7(a) agents.
The report must describe how the SBA communicates with 7(a) agents.
A '7(a) agent' is defined as a person providing services on behalf of a lender or applicant.
'Covered services' include application assistance (business plans, financial statements) and consulting, brokerage, or referral services.

Frequently Asked Questions

What is a 7(a) agent?

A 7(a) agent is an individual or entity that provides services to a loan applicant or lender, such as helping prepare business plans, financial statements, or providing consulting and referral services for an SBA .

Will this bill identify specific agents who are risky?

No. The bill requires a consolidated risk analysis of agents responsible for a significant portion of loans, but explicitly states that individual agents must not be identified by name.

What else do you want to know?

News Coverage

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Where This Stands

Currently passed chamber. The next step in the legislative lifecycle is Law.

Procedural history

15 actions

Jun 4, 2025SenateCommittee
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Jun 3, 2025House
Motion to reconsider laid on the table Agreed to without objection.
Jun 3, 2025HouseFloor
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 405 - 3 (Roll no. 147). (text: CR H2398)
Jun 3, 2025HouseFloor
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): 405 - 3 (Roll no. 147). (text: CR H2398)
Jun 3, 2025House
Considered as unfinished business. (consideration: CR H2403-2404)
Jun 3, 2025House
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.

Show 9 earlier actions

Jun 3, 2025House
DEBATE - The House proceeded with forty minutes of debate on H.R. 1804.
Jun 3, 2025House
Considered under suspension of the rules. (consideration: CR H2398-2399)
Jun 3, 2025House
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Mar 24, 2025House
Placed on the Union Calendar, Calendar No. 22.
Mar 24, 2025HouseCommittee
Reported by the Committee on Small Business. H. Rept. 119-33.
Mar 5, 2025HouseCommittee
Ordered to be Reported by the Yeas and Nays: 25 - 0.
Mar 5, 2025House
Committee Consideration and Mark-up Session Held
Mar 3, 2025HouseCommittee
Referred to the House Committee on Small Business.
Mar 3, 2025HouseIntroduced
Introduced in House

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

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Voting Record

Outcome not reportedHouse6/3/2025Voteview

Total

408

Yes: 405
No: 3
Present: 0
Not voting: 0
Abstain: 0

How they voted (408)

384 more members

Christopher DeluzioDyes

Robert LattaRyes

Brian FitzpatrickRyes

Suhas SubramanyamDyes

Richard McCormickRyes

Kristen McDonald RivetDyes

Janice SchakowskyDyes

Glenn ThompsonRyes

Andrew OglesRyes

Lloyd SmuckerRyes

Bradley SchneiderDyes

Diana HarshbargerRyes

Anna Paulina LunaRyes

Frank PalloneDyes

Raja KrishnamoorthiDyes

David KustoffRyes

Jeff CrankRyes

Tom McClintockRyes

Monica De La CruzRyes

Jefferson Van DrewRyes

Debbie Wasserman SchultzDyes

Marilyn StricklandDyes

Maggie GoodlanderDyes

Melanie StansburyDyes

Charles FleischmannRyes

Al GreenDyes

Adriano EspaillatDyes

Sheila Cherfilus-McCormickDyes

Mario Diaz-BalartRyes

Michael BaumgartnerRyes

Guy ReschenthalerRyes

Brittany PettersenDyes

Raul RuizDyes

Sydney Kamlager-DoveDyes

April McClain DelaneyDyes

Kathy CastorDyes

Gabe EvansRyes

Joe WilsonRyes

George WhitesidesDyes

Michelle FischbachRyes

Jennifer McClellanDyes

Nicholas LangworthyRyes

Nicole MalliotakisRyes

David RouzerRyes

James ClyburnDyes

Teresa Leger FernandezDyes

Bonnie Watson ColemanDyes

Marcy KapturDyes

Terri SewellDyes

Rashida TlaibDyes

Derrick Van OrdenRyes

Full roll-call analysis →

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Increased Focus on Third-Party Risk

The bill signals a shift toward greater federal scrutiny of third-party intermediaries in the SBA loan process, specifically targeting fraud and fee transparency.

Small Business Administration

Connected Entities

Mrs. McIver, Small Business Administration, Dan Meuser and 1 more

PersonMrs. McIver“U.S. Representative who co-sponsored the bill”Map →

OrganizationSmall Business Administration“The agency responsible for submitting the mandated annual report”Map →

PersonDan Meuser“U.S. Representative who introduced the bill”Map →

OrganizationHouse Small Business Committee“The House committee to which the bill was referred”Map →

Sources

Open source document

www.congress.gov

Analysis Score

0–100

Significance45
How much this matters to a regular citizen
Controversy10
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz15
Current news / social attention level

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