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H.R. 4481, Small Business 7(a) Loan Agent Transparency Act (CBO Report for Congress)

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Congress 117th
Date Requested Nov. 2, 2021
Requested By the House of Representatives
Date Sent Aug. 30, 2022
Description:
The bill would • Require the Small Business Administration (SBA) to establish a registration system for agents assisting small businesses with applying for loans under the SBA’s 7(a) loan program Estimated budgetary effects would mainly stem from • Spending subject to appropriation to establish and maintain a registration system for agents working on 7(a) loans • Collections of annual registration fees and civil monetary penalties, both of which are classified as revenues • Direct spending of annual registration fees

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