House Bill 4481
117th Congress(2021-2022)
Small Business 7(a) Loan Agent Transparency Act
Active
Active
Passed House on Nov 2, 2021
Overview
Text
Introduced
Jul 16, 2021
Latest Action
Nov 3, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4481
Congress
117
Policy Area
Commerce
Commerce
Primary focus of measure is business investment, development, regulation; small business; consumer affairs; competition and restrictive trade practices; manufacturing, distribution, retail; marketing; intellectual property. Measures concerning international competitiveness and restrictions on imports and exports may fall under Foreign Trade and International Finance policy area.
Sponsorship by Party
House Votes (2)
Senate Votes (0)
Passed
November 2, 2021
Type
Final Passage Under Suspension Of The Rules Results
House Roll Call Votes
Summary

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 provides loans and loan guarantees to small business borrowers who cannot obtain credit elsewhere on reasonable terms and conditions.

Text (4)
November 3, 2021
November 2, 2021
October 12, 2021
July 16, 2021
Actions (15)
11/03/2021
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
11/02/2021
Motion to reconsider laid on the table Agreed to without objection.
11/02/2021
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)
11/02/2021
Passed/agreed to in House: 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)
11/02/2021
Considered as unfinished business. (consideration: CR H6101-6102)
11/02/2021
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.
11/02/2021
DEBATE - The House proceeded with forty minutes of debate on H.R. 4481.
11/02/2021
Considered under suspension of the rules. (consideration: CR H6090-6091)
11/02/2021
Ms. Velazquez moved to suspend the rules and pass the bill.
10/12/2021
Placed on the Union Calendar, Calendar No. 101.
10/12/2021
Reported by the Committee on Small Business. H. Rept. 117-141.
07/29/2021
Ordered to be Reported by Voice Vote.
07/29/2021
Committee Consideration and Mark-up Session Held.
07/16/2021
Referred to the House Committee on Small Business.
07/16/2021
Introduced in House
Public Record
Record Created
Jul 17, 2021 7:12:13 AM
Record Updated
Mar 3, 2022 11:41:39 PM