H.R. 18047(a) Loan Agent Oversight Act

What the bill would do

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.

Summary by the Congressional Research Service. Last updated May 30, 2025.

• BillFull text · congress.gov(opens in a new tab)
• Roll callclerk.house.gov vote #147(opens in a new tab)