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H.R. 4481: Small Business 7(a) Loan Agent Transparency Act

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H.R. 4481: Small Business 7(a) Loan Agent Transparency Act

117th Congress · introduced 2021-07-16 · Commerce · Latest: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2021-07-16 · official record
  2. Who proposed it: Rep. Phillips, Dean [D-MN-3] · what a sponsor is
  3. What happened next: 1 recorded vote in our records. Latest: House roll call 351 (2021): On Motion to Suspend the Rules and Pass, HR4481 (2021-11-02), Passed. See all
  4. Where it stands now: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Small Business 7(a) Loan Agent Transparency Act

Plain 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.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Small Business 7(a) Loan Agent Transparency Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Phillips, Dean [D-MN-3] · 6 cosponsors

Cost estimate: CBO cost estimate: H.R. 4481, Small Business 7(a) Loan Agent Transparency Act (2022-08-30)

Cosponsors on this site

Daniel Meuser (R-PA), Byron Donalds (R-FL), Claudia Tenney (R-NY), Andrew R. Garbarino (R-NY), Beth Van Duyne (R-TX), Maria Elvira Salazar (R-FL)

Recorded votes

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong117-hr4481 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117