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H.R. 4481 (117th): Small Business 7(a) Loan Agent Transparency Act

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To amend the Small Business Act to establish requirements for 7(a) agents, and for other purposes.

The bill’s titles are written by its sponsor.

Sponsor and status

Photo of sponsor Dean Phillips

Dean Phillips

Sponsor. Representative for Minnesota's 3rd congressional district. Democrat.

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Last Updated: Nov 3, 2021
Length: 4 pages
Introduced
Jul 16, 2021
117th Congress (2021–2023)
Status
Died in a previous Congress

This bill was introduced in a previous session of Congress and was passed by the House on November 2, 2021 but was never passed by the Senate.

Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).

Cosponsors

6 Cosponsors (6 Republicans)

Source
Congress.gov

Position statements

What legislators are saying

“Meuser’s Bill Passes the House That Will Improve SBA Oversight”
    — Rep. Daniel Meuser [R-PA9] (Co-sponsor) on Nov 2, 2021

“Washington Review, November 9, 2021”
    — Rep. Albio Sires [D-NJ8, 2013-2022] on Nov 9, 2021

“the daily leader: tuesday, november 2, 2021”
    — Rep. Steny Hoyer [D-MD5] on Nov 1, 2021

More statements at ProPublica Represent...

What stakeholders are saying

R Street Institute SpendingTracker.org estimates H.R. 4481 will add $41 million in new spending through 2032.

History

Jul 16, 2021
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

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Jul 29, 2021
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

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Oct 12, 2021
 
Reported by House Committee on Small Business

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

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Oct 29, 2021
 
Text Published

Updated bill text was published as of Preprint (Suspension).

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Nov 2, 2021
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

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H.R. 4481 (117th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 4481. This is the one from the 117th Congress.

This bill was introduced in the 117th Congress, which met from Jan 3, 2021 to Jan 3, 2023. Legislation not passed by the end of a Congress is cleared from the books.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 4481 — 117th Congress: Small Business 7(a) Loan Agent Transparency Act.” www.GovTrack.us. 2021. March 30, 2023 <https://www.govtrack.us/congress/bills/117/hr4481>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.