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Small Business 7(a) Loan Agent Transparency Act

USA118th CongressHR-1651| House 
| Updated: 6/5/2023
Dean Phillips

Dean Phillips

Democratic Representative

Minnesota

Cosponsors (1)
Daniel Meuser (Republican)

Small Business Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Small Business 7(a) Loan Agent Transparency Act This bill provides oversight of 7(a) loan agents, including by requiring the Small Business Administration (SBA) to establish a registration system for such agents whereby certain data may be collected and by mandating that such agents register with the system and pay an annual registration fee. These agents provide 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.

Bill Text Versions

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Timeline

Bill from Previous Congress

HR 117-4481
Small Business 7(a) Loan Agent Transparency Act
Mar 17, 2023
Introduced in House
Mar 17, 2023
Referred to the House Committee on Small Business.
May 23, 2023
Ordered to be Reported Without Recommendation by the Yeas and Nays: 21 - 0.
May 23, 2023
Committee Consideration and Mark-up Session Held
Jun 5, 2023
Placed on the Union Calendar, Calendar No. 77.
Jun 5, 2023
Reported by the Committee on Small Business. H. Rept. 118-100.
  • Bill from Previous Congress

    HR 117-4481
    Small Business 7(a) Loan Agent Transparency Act


  • March 17, 2023
    Introduced in House


  • March 17, 2023
    Referred to the House Committee on Small Business.


  • May 23, 2023
    Ordered to be Reported Without Recommendation by the Yeas and Nays: 21 - 0.


  • May 23, 2023
    Committee Consideration and Mark-up Session Held


  • June 5, 2023
    Placed on the Union Calendar, Calendar No. 77.


  • June 5, 2023
    Reported by the Committee on Small Business. H. Rept. 118-100.

Commerce

Government lending and loan guaranteesLicensing and registrationsSmall business

Small Business 7(a) Loan Agent Transparency Act

USA118th CongressHR-1651| House 
| Updated: 6/5/2023
Small Business 7(a) Loan Agent Transparency Act This bill provides oversight of 7(a) loan agents, including by requiring the Small Business Administration (SBA) to establish a registration system for such agents whereby certain data may be collected and by mandating that such agents register with the system and pay an annual registration fee. These agents provide 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.

Bill Text Versions

View Text
2 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 117-4481
Small Business 7(a) Loan Agent Transparency Act
Mar 17, 2023
Introduced in House
Mar 17, 2023
Referred to the House Committee on Small Business.
May 23, 2023
Ordered to be Reported Without Recommendation by the Yeas and Nays: 21 - 0.
May 23, 2023
Committee Consideration and Mark-up Session Held
Jun 5, 2023
Placed on the Union Calendar, Calendar No. 77.
Jun 5, 2023
Reported by the Committee on Small Business. H. Rept. 118-100.
  • Bill from Previous Congress

    HR 117-4481
    Small Business 7(a) Loan Agent Transparency Act


  • March 17, 2023
    Introduced in House


  • March 17, 2023
    Referred to the House Committee on Small Business.


  • May 23, 2023
    Ordered to be Reported Without Recommendation by the Yeas and Nays: 21 - 0.


  • May 23, 2023
    Committee Consideration and Mark-up Session Held


  • June 5, 2023
    Placed on the Union Calendar, Calendar No. 77.


  • June 5, 2023
    Reported by the Committee on Small Business. H. Rept. 118-100.
Dean Phillips

Dean Phillips

Democratic Representative

Minnesota

Cosponsors (1)
Daniel Meuser (Republican)

Small Business Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Government lending and loan guaranteesLicensing and registrationsSmall business