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Small Business 7(a) Loan Agent Transparency Act

USA117th CongressHR-4481| House 
| Updated: 11/3/2021
Dean Phillips

Dean Phillips

Democratic Representative

Minnesota

Cosponsors (6)
Claudia Tenney (Republican)Beth Van Duyne (Republican)Andrew R. Garbarino (Republican)Maria Elvira Salazar (Republican)Daniel Meuser (Republican)Byron Donalds (Republican)

Small Business Committee, Small Business and Entrepreneurship Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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 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.

Bill Text Versions

View Text
4 versions available

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Timeline
Jul 16, 2021
Introduced in House
Jul 16, 2021
Referred to the House Committee on Small Business.
Jul 29, 2021
Ordered to be Reported by Voice Vote.
Jul 29, 2021
Committee Consideration and Mark-up Session Held.
Oct 12, 2021
Placed on the Union Calendar, Calendar No. 101.
Oct 12, 2021
Reported by the Committee on Small Business. H. Rept. 117-141.
Nov 2, 2021
Ms. Velazquez moved to suspend the rules and pass the bill.
Nov 2, 2021
Considered under suspension of the rules. (consideration: CR H6090-6091)
Nov 2, 2021
DEBATE - The House proceeded with forty minutes of debate on H.R. 4481.
Nov 2, 2021
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Nov 2, 2021
Considered as unfinished business. (consideration: CR H6101-6102)
Nov 2, 2021
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 407 - 9 (Roll no. 351). (text: CR H6090)
View Vote
Nov 2, 2021
Motion to reconsider laid on the table Agreed to without objection.
Nov 3, 2021
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • July 16, 2021
    Introduced in House


  • July 16, 2021
    Referred to the House Committee on Small Business.


  • July 29, 2021
    Ordered to be Reported by Voice Vote.


  • July 29, 2021
    Committee Consideration and Mark-up Session Held.


  • October 12, 2021
    Placed on the Union Calendar, Calendar No. 101.


  • October 12, 2021
    Reported by the Committee on Small Business. H. Rept. 117-141.


  • November 2, 2021
    Ms. Velazquez moved to suspend the rules and pass the bill.


  • November 2, 2021
    Considered under suspension of the rules. (consideration: CR H6090-6091)


  • November 2, 2021
    DEBATE - The House proceeded with forty minutes of debate on H.R. 4481.


  • November 2, 2021
    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.


  • November 2, 2021
    Considered as unfinished business. (consideration: CR H6101-6102)


  • November 2, 2021
    On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 407 - 9 (Roll no. 351). (text: CR H6090)
    View Vote


  • November 2, 2021
    Motion to reconsider laid on the table Agreed to without objection.


  • November 3, 2021
    Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Commerce

Government lending and loan guaranteesLicensing and registrationsSmall business

Small Business 7(a) Loan Agent Transparency Act

USA117th CongressHR-4481| House 
| Updated: 11/3/2021
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 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.

Bill Text Versions

View Text
4 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 16, 2021
Introduced in House
Jul 16, 2021
Referred to the House Committee on Small Business.
Jul 29, 2021
Ordered to be Reported by Voice Vote.
Jul 29, 2021
Committee Consideration and Mark-up Session Held.
Oct 12, 2021
Placed on the Union Calendar, Calendar No. 101.
Oct 12, 2021
Reported by the Committee on Small Business. H. Rept. 117-141.
Nov 2, 2021
Ms. Velazquez moved to suspend the rules and pass the bill.
Nov 2, 2021
Considered under suspension of the rules. (consideration: CR H6090-6091)
Nov 2, 2021
DEBATE - The House proceeded with forty minutes of debate on H.R. 4481.
Nov 2, 2021
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Nov 2, 2021
Considered as unfinished business. (consideration: CR H6101-6102)
Nov 2, 2021
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 407 - 9 (Roll no. 351). (text: CR H6090)
View Vote
Nov 2, 2021
Motion to reconsider laid on the table Agreed to without objection.
Nov 3, 2021
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • July 16, 2021
    Introduced in House


  • July 16, 2021
    Referred to the House Committee on Small Business.


  • July 29, 2021
    Ordered to be Reported by Voice Vote.


  • July 29, 2021
    Committee Consideration and Mark-up Session Held.


  • October 12, 2021
    Placed on the Union Calendar, Calendar No. 101.


  • October 12, 2021
    Reported by the Committee on Small Business. H. Rept. 117-141.


  • November 2, 2021
    Ms. Velazquez moved to suspend the rules and pass the bill.


  • November 2, 2021
    Considered under suspension of the rules. (consideration: CR H6090-6091)


  • November 2, 2021
    DEBATE - The House proceeded with forty minutes of debate on H.R. 4481.


  • November 2, 2021
    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.


  • November 2, 2021
    Considered as unfinished business. (consideration: CR H6101-6102)


  • November 2, 2021
    On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 407 - 9 (Roll no. 351). (text: CR H6090)
    View Vote


  • November 2, 2021
    Motion to reconsider laid on the table Agreed to without objection.


  • November 3, 2021
    Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Dean Phillips

Dean Phillips

Democratic Representative

Minnesota

Cosponsors (6)
Claudia Tenney (Republican)Beth Van Duyne (Republican)Andrew R. Garbarino (Republican)Maria Elvira Salazar (Republican)Daniel Meuser (Republican)Byron Donalds (Republican)

Small Business Committee, Small Business and Entrepreneurship Committee

Commerce

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Government lending and loan guaranteesLicensing and registrationsSmall business