Bill SponsorBILLSPONSOR
Bill Sponsor
Politicians
Bills
House Bill 4531
117th Congress(2021-2022)
7(a) Loan Agent Oversight Act
Active
Active
Passed House on Nov 2, 2021
Overview
Text
Sponsor
Republican
Introduced
Jul 19, 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
4531
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
Republican
Dan Meuser
Pennsylvania
Democrat
Dean Phillips
Minnesota
Republican
Beth Van Duyne
Texas
House Votes (1)
Senate Votes (0)
checkPassed on November 2, 2021
Question
On Motion to Suspend the Rules and Pass
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
2/3 Yea-And-Nay
Roll Number
352
House Roll Call Votes
Summary

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 provides loans and loan guarantees to small business borrowers 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.

Text (4)
Referred in Senate
November 3, 2021
Engrossed in House
November 2, 2021
Reported in House
October 12, 2021
Introduced in House
July 19, 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): 411 - 9 (Roll no. 352). (text: CR H6092)
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): 411 - 9 (Roll no. 352).(text: CR H6092)
11/02/2021
Considered as unfinished business. (consideration: CR H6102-6103)
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. 4531.
11/02/2021
Considered under suspension of the rules. (consideration: CR H6092-6093)
11/02/2021
Ms. Velazquez moved to suspend the rules and pass the bill.
10/12/2021
Placed on the Union Calendar, Calendar No. 104.
10/12/2021
Reported by the Committee on Small Business. H. Rept. 117-144.
07/29/2021
Ordered to be Reported by Voice Vote.
07/29/2021
Committee Consideration and Mark-up Session Held.
07/19/2021
Referred to the House Committee on Small Business.
07/19/2021
Introduced in House
Public Record
Record Updated
Mar 8, 2023 8:26:19 PM
Copyright © 2024 Civic Bits LLC
Privacy Policy
Terms of Service
What's New
About