Pipeline · Bill → Law
Step 1
Introduced
Mar 17, 2023
Step 2
Referred
Mar 17, 2023
Small Business
Step 3
Committee
May 23, 2023
Reported out
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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) ag...
Timeline · 6 actions
Jun 5, 2023
Reported by the Committee on Small Business. H. Rept. 118-99.
Jun 5, 2023
Placed on the Union Calendar, Calendar No. 76.
May 23, 2023
Committee Consideration and Mark-up Session Held
May 23, 2023
Ordered to be Reported Without Recommendation by the Yeas and Nays: 22 - 0.
Mar 17, 2023
Introduced in House
Mar 17, 2023
Referred to the House Committee on Small Business.