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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.

House floor actions Actions

Calendars
Jun. 05 2023	Placed on the Union Calendar, Calendar No. 77.

Committee
Jun. 05 2023	Reported by the Committee on Small Business. H. Rept. 118-100.

IntroReferral
Mar. 17 2023	Referred to the House Committee on Small Business.

Library of Congress Actions

Committee
Jun. 05 2023	Reported by the Committee on Small Business. H. Rept. 118-100.

IntroReferral
Mar. 17 2023	Introduced in House Introduced in House

House committee actions Actions

Committee
May. 23 2023	Ordered to be Reported Without Recommendation by the Yeas and Nays: 21 - 0. Committee Consideration and Mark-up Session Held

House bill HR1651-118

Small Business 7(a) Loan Agent Transparency Act

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