HR4531: 7(a) Loan Agent Oversight Act
117th Congress (2021–2023) · House bill · Sponsor: Rep. Meuser, Daniel [R-PA-9]
This page covers HR4531 in the 117th Congress. Bill numbers start over every Congress, so HR4531 in another Congress is a different bill. Other bills numbered HR4531 are listed below.
Key facts
| Item |
Detail |
| Roll-call votes |
1 |
| Chamber |
House |
| Latest vote |
2021-11-02: Passed |
| Latest action |
2021-11-03: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. |
| Policy area |
Commerce |
| Official record |
Congress.gov |
What the bill does
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 guarantees up to 80% of a private lender's loan to a small business borrower 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.
Subjects: Congressional oversight, Fraud offenses and financial crimes, Government information and archives, Government lending and loan guarantees, Government studies and investigations
Roll-call votes on HR4531 (117th Congress)
Every recorded vote on this bill, newest first, with a link to the official tally. Member-by-member positions are on each member’s profile.
| Date |
Chamber |
Question |
Result |
Yea |
Nay |
Not voting |
Record |
| 2021-11-02 |
House |
2/3 Yea-And-Nay |
Passed |
281 |
6 |
5 |
Official tally |
What is HR4531 in the 117th Congress?
HR4531 (7(a) Loan Agent Oversight Act) was introduced in the 117th Congress (2021–2023) by Rep. Meuser, Daniel [R-PA-9].
What is the latest action on HR4531?
On 2021-11-03: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
How many roll-call votes were held on HR4531?
1 recorded vote in the 117th Congress. The most recent, on 2021-11-02, was "2/3 Yea-And-Nay": Passed.
Is this the same bill as HR4531 in other Congresses?
No. Bill numbers restart each Congress. HR4531 was also used in the 118th Congress for different legislation.