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![handle is hein.congrecreports/crptxaeah0001 and id is 1 raw text is: AUTHENTICATED
U.S. GOVERNMENT
INFORMATION .
117TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 117-141
SMALL BUSINESS 7(A) LOAN AGENT TRANSPARENCY ACT
OCTOBER 12, 2021.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Ms. VELAZQUEZ, from the Committee on Small Business,
submitted the following
R E P O R T
[To accompany H.R. 4481]
The Committee on Small Business, to whom was referred the bill
(H.R. 4481) to amend the Small Business Act to establish require-
ments for 7(a) agents, and for other purposes, having considered
the same, reports favorably thereon without amendment and rec-
ommends that the bill do pass.
CONTENTS
Page
I. Purpose and Bill Summary ........................................................................ 1
II. Background and Need for Legislation ..................................................... 2
III. Hearings ....................................................................................................... 3
IV . Com m ittee Consideration ......................................................................... 3
V . C om m ittee V otes ....................................................................................... 3
VI. Section-by-Section Analysis for H.R. 4481 ................................................ 4
VII. Congressional Budget Cost Estimate ....................................................... 4
VIII. New Budget Authority, Entitlement Authority, and Tax Expenditures 4
IX. Committee Oversight Findings and Recommendations ........................... 4
X. Statement of General Performance Goals and Objectives ....................... 5
XI. Duplication of Federal Program s ............................................................. 5
XII. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff
Benefits ..................................................................................................... 5
XIII. Federal M andates Statem ent ................................................................... 5
XIV. Federal Advisory Committee Statement ................................................... 5
XV. Applicability to Legislative Branch ........................................................... 5
XVI. Constitutional Authority Statement .......................................................... 5
XVII. Changes in Existing Law Made by the Bill, as Reported ...................... 5
I. PURPOSE AND BILL SUMMARY
The purpose of H.R. 4481, the Small Business 7(a) Loan Agent
Transparency Act, is to establish a registration system with
unique identifiers for 7(a) agents to help the Small Business Ad-
ministration's (SBA) Office of Credit Risk Management (OCRM)
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