House vote: H.R. 4531 // November 2, 2021Needed two-thirds to pass
7(a) Loan Agent Oversight Act
Sponsor: Daniel Meuser (R-PA)
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 guarantees up to 80% of a private lender's loan to a small business borrower who cannot obtain credit elsewhere on reasonable terms and conditions.
Commerce Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 3.3% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 411 | 94.6% |
| Nay | Lost | 9 | 2.1% |
| Not represented on this question | No position taken | 0 | 3.3% |