H.R. 4531: 7(a) Loan Agent Oversight Act
CBO Score
$46 million
Documentation
Date of Report
Tue September 6th, 2022
CBO Report Details
Legislation Details
117th Congress
To amend the Small Business Act to require a report on 7(a) agents, and for other purposes.
Sponsor: Rep. Daniel Meuser — R — PA
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 (...
JOIN US!
Sign up below to receive updates when your Members of Congress vote for new spending increases or cuts.
Lost your Password?
Don't be sad- we've got your back. Just enter your email below and instructions on resetting your password will be sent to you.
×