# 119-hr-1804: 7(a) Loan Agent Oversight Act

119-hr-1804, 7(a) Loan Agent Oversight Act, is a 119th Congress bill sponsored by Rep. Meuser, Daniel [R-PA-9] (R-PA); status passed_house (as of 2026-09-10).

- Canonical: https://policyrisk.com/legislation/119-hr-1804
- As of: 2026-09-10
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1804
- Congress: 119
- Title: 7(a) Loan Agent Oversight Act
- Status: passed_house
- Introduced: 2025-03-03
- Sponsor: Rep. Meuser, Daniel [R-PA-9] (R-PA)
- Cosponsors: 1
- Policy area: Commerce
- Touches household money: no
- Last recorded action: 2026-09-10

## Summary

**Requires annual reporting to Congress to increase transparency about 7(a) loan agents and their role in lending.** The new report must list counts of agent types, fraud incidents, loan purchase rates, referral fees, concentration risks, interest-rate patterns, and how the agency communicates with agents. - Small business applicants: Congress will get data on how many applicants used 7(a) agents, what fees were paid, and whether those loans were linked to fraud. This gives borrowers clearer visibility into agent involvement. - 7(a) agents: The report breaks out agent types and totals referral fees, and it flags agents responsible for at least 1 percent of loan dollars or loan counts for a consolidated risk analysis. - Lenders and secondary market: The report must show the Administrator's purchase rate for loans involving agents and include analysis of interest rates on those loans. - Oversight and Congress: Annual, standardized data aims to let lawmakers and the agency spot fraud, fee patterns, and concentration risks among agents more quickly.

## Cosponsors (1)

- Rep. McIver, LaMonica [D-NJ-10] (D-NJ), 2025-03-03T00:00:00.000Z

## Votes

| Date | Chamber | Question | Result | Yea | Nay |
| --- | --- | --- | --- | --- | --- |
| 2025-06-03T00:00:00.000Z | house | On Motion to Suspend the Rules and Pass | Passed | 405 | 3 |

## Related bills

- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-137: TCJA Permanency Act
- 119-hr-3633: Digital Asset Market Clarity Act
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-1530: American Victims of Terrorism Compensation Act

## Sources
- [119-hr-1804 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1804)

## Related
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-137: TCJA Permanency Act](https://policyrisk.com/legislation/119-hr-137)
- [119-hr-3633: Digital Asset Market Clarity Act](https://policyrisk.com/legislation/119-hr-3633)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-1530: American Victims of Terrorism Compensation Act](https://policyrisk.com/legislation/119-hr-1530)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1804 (as of 2026-09-10).