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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, (3) the purchase rate of loans for which an applicant used the services of a 7(a) agent, and (4) the number and aggregate dollar value of referral fees paid to 7(a) agents.
Written by the nonpartisan Congressional Research Service, describing H.R. 1804 as introduced in House on Mar 3, 2025. It is not the text of the measure; a later amendment may have changed what it does.
House Jun 3, 2025
7(a) Loan Agent Oversight Act
Passed · Two-thirds required
405 Yea 3 Nay 24 not voting
Crossed both parties 3 of 408 voting members broke with their own party: 1 Democrat, 2 Republicans.
DemocratsIndependentsRepublicansFilled: YeaRing: NayGrey: not voting or present
432 members on this roll call, from the official House record. Party majorities need at least five voting members, so an independent never counts as breaking with a party.
Signing on is not a vote: a member can cosponsor H.R. 1804 and vote against it. 1 signed when it was filed.
Organizations that named H.R. 1804 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.
7 disclosures name this measure. Retrieved from LDA.gov on 2026-10-04. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.