Small Business 7(a) Loan Agent Transparency Act
Latest action · Jun 5, 2023 Placed on the Union Calendar, Calendar No. 77.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMar 17, 2023
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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.
Cosponsors 1
Members who signed on, in the order they did. All signed on Mar 17, 2023.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-PA | Daniel Meuser | Original | Mar 17, 2023 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Small Business Committee | Referred Mar 17, 2023Markup May 23, 2023Reported Jun 5, 2023 |
Actions 6
Everything that happened, newest first.
- Jun 5, 2023Reported by the Committee on Small Business. H. Rept. 118-100.
- Jun 5, 2023Placed on the Union Calendar, Calendar No. 77.
- May 23, 2023Committee Consideration and Mark-up Session Held
- May 23, 2023Ordered to be Reported Without Recommendation by the Yeas and Nays: 21 - 0.
- Mar 17, 2023Introduced in House
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- May 26, 2023H.R. 1651, Small Business 7(a) Loan Agent Transparency ActAs ordered reported by the House Committee on Small Business on May 23, 2023
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 169, no. 50, March 17, 2023, page H1296.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 4481 | Small Business 7(a) Loan Agent Transparency Act | Reintroduction of | Nov 3, 2021 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Small Business Act to establish requirements for 7(a) agents, and for other purposes.
- Short Title(s) as Introduced
- Small Business 7(a) Loan Agent Transparency Act
- Short Title(s) as Reported to House
- Small Business 7(a) Loan Agent Transparency Act
Subjects
Assigned by the Library of Congress. Policy area: Commerce.
Text 2
Each version as it was printed, newest first.
- Jun 5, 2023Reported in House
- Mar 17, 2023Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
