H.R. 1804: 7(a) Loan Agent Oversight Act
Sponsor
Daniel Meuser
Republican · PA-9
What H.R. 1804 does
The Small Business Administration's 7(a) program provides loans and loan guarantees to small businesses that cannot get credit elsewhere on reasonable terms. Some applicants use agents who charge fees for referrals and application help. H.R. 1804 would require the SBA to send Congress an annual report on those agents.
The report would give the number and type of agents, the number of fraudulent loans where the applicant used an agent, the purchase rate of loans where an agent was used, and the number and total dollar value of referral fees paid to agents.
How the House voted
Passed · June 3, 20251 Democrat broke with their party to vote no
Zoe Lofgren2 Republicans broke with their party to vote no
Eric Burlison
Chip RoyOn Motion to Suspend the Rules and Pass: H R 1804 7(a) Loan Agent Oversight Act · Roll no. 147 · Official record
HR1804 Legislative Journey
Committee Action
Jun 4, 2025
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
House: Vote: 405-3
Jun 3, 2025
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 405 - 3 (Roll no. 147). (text: CR H2398)
House: Committee Action
Mar 24, 2025
Reported by the Committee on Small Business. H. Rept. 119-33.
House: Vote: 25-0
Mar 5, 2025
Ordered to be Reported by the Yeas and Nays: 25 - 0.
House: Committee Action
Mar 3, 2025
Referred to the House Committee on Small Business.
About the Sponsor
Daniel Meuser
Republican, Pennsylvania's 9th congressional district · 7 years in Congress
Committees: Small Business, Financial Services
View full profile →
Cosponsors (1)
This bill has 1 cosponsor: 1 Democrat. Cosponsors represent 1 state: New Jersey.
Committee Sponsors
Small Business and Entrepreneurship Committee
0 of 18 committee members cosponsored
No committee members have cosponsored this bill
Small Business Committee
1 of 26 committee members cosponsored
23 Republicans across these committees haven't cosponsored yet. Mobilize their constituents
What laws does H.R. 1804 change?
1 changes
Sections Amended
Section 47 of Small Business Act (15 U.S.C. 657t)
adding at the end the following new subsection: ``(j) Annual Report
H.R. 1804 Quick Facts
- Committee
- Small Business and Entrepreneurship
- Chamber
- House
- Policy
- Commerce
- Introduced
- Mar 3, 2025
Passed the House, received in Senate
Jun 4, 2025
H.R. 1804 Bill Text
“To amend the Small Business Act to require a report on 7(a) agents, and for other purposes.”
Source: U.S. Government Publishing Office
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