Requires a new annual SBA report to Congress focused on people who help with SBA 7(a) loan applications. It tracks agent counts and types, fraud, referral fees, interest rates, and risk signals for the biggest agents—without naming them.
Modern Action explains what the legislation does, helps you choose whether to support, oppose, or ask for changes, and drafts a message tied to the bill, your stance, and the elected officials who can act on it.
7(a) Loan Agent Oversight Act is a Senate bill in committee. The latest recorded action: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Latest action on H.R. 1804: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Who this affects: This mainly affects people and businesses involved in SBA 7(a) lending. Small business borrowers and would-be borrowers may see more attention on referral fees and whether agent use correlates with different interest rates, even though the bill does not change loan terms directly. Lenders and 7(a) agents (like consultants, brokers, and referral partners) would be pulled into more structured reporting and scrutiny through the annual data and analysis. SBA staff also take on added reporting and analysis work, and Congress gets a clearer picture of how agents operate within the program.
Why this matters: The SBA 7(a) program is a major source of government-backed small business credit, and third-party agents can influence both costs (like referral fees) and how applications are put together. This bill matters because it forces consistent, detailed reporting to Congress on agent involvement, fraud indicators, fee flows, and loan terms like interest rates. That information could help lawmakers spot patterns—such as higher fraud rates or higher costs when agents are used—and decide later whether new guardrails are needed. At the same time, the bill itself does not change loan rules or create new penalties, so any direct changes would depend on future actions.
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Officially: 7(a) Loan Agent Oversight Act
Requires a new annual SBA report to Congress focused on people who help with SBA 7(a) loan applications. It tracks agent counts and types, fraud, referral fees, interest rates, and risk signals for the biggest agents—without naming them.
Use this page to support, oppose, or ask Congress to amend H.R.1804. Modern Action explains what the bill does, helps identify the right senators or representative, and drafts a bill-specific message you can edit and send.
Where it stands
Sitting in Small Business and Entrepreneurship
No vote scheduled. Constituent contact is what moves bills out of committee.
↓ Why your message matters here
This bill is sitting in committee with no scheduled vote — which means a small number of constituent messages can decide whether it moves forward or quietly dies.
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Where this bill is in the process
Introduced
Introduced in House
House Committee
Under House committee consideration
House Floor Vote
Voted on by House
Passed House
Approved by House
Senate Review
Sent to Senate for consideration
Latest: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. (6/4/2025)
Passed Both Chambers
Approved by both House and Senate
Signed into Law
Signed by the President
For more detail
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This page gives you an opportunity to support, oppose, or ask for changes to 7(a) Loan Agent Oversight Act, then contact the elected officials who can act. Modern Action drafts the message from your position and the reasons you select.
Modern Action keeps the action tied to the bill itself: what it does, where it is in the process (committee), which office can still act, and what ask belongs in the message.
You are not starting from a blank form. Modern Action drafts the message around H.R.1804, your stance, and the reasons you choose, then lets you edit and send when ready.
