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H.R. 4531: 7(a) Loan Agent Oversight Act

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H.R. 4531: 7(a) Loan Agent Oversight Act

117th Congress · introduced 2021-07-19 · 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 2021-07-19 · official record
  2. Who proposed it: Rep. Meuser, Daniel [R-PA-9] · what a sponsor is
  3. What happened next: 1 recorded vote in our records. Latest: House roll call 352 (2021): On Motion to Suspend the Rules and Pass, HR4531 (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

7(a) Loan Agent Oversight Act

Plain summary

7(a) Loan Agent Oversight Act This bill requires the Small Business Administration (SBA) to submit an annual report containing specified information related to 7(a) loan agents. These agents provide fee-based 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. The required report must include (1) the number and type of agents assisting applicants for 7(a) loans, (2) the number of fraudulent loans made for which an applicant used the services of a 7(a) agent, and (3) the number and aggregate dollar value of referral fees paid to 7(a) agents.

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

7(a) Loan Agent Oversight Act

Source: Congressional Research Service summary (Introduced in House)

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

Officials and money

Sponsor: Rep. Meuser, Daniel [R-PA-9] · 2 cosponsors

Cost estimate: CBO cost estimate: H.R. 4531, 7(a) Loan Agent Oversight Act (2022-09-06)

Cosponsors on this site

Beth Van Duyne (R-TX)

Sponsor's campaign money: Rep. Meuser, Daniel [R-PA-9] reported raising $2.1 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

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-hr4531 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117