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U.S. GOVERNMENT
INFORMATION .
117TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 117-144
7(A) LOAN AGENT OVERSIGHT 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. 4531]
The Committee on Small Business, to whom was referred the bill
(H.R. 4531) to amend the Small Business Act to require a report
on 7(a) agents, and for other purposes, having considered the same,
reports favorably thereon without amendment and recommends
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. 4531 ................................................ 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 ....................... 4
XI. Duplication of Federal Program s ............................................................. 4
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. 4531, the 7(a) Loan Agent Oversight Act,
is to require the Small Business Administration's (SBA) Office of
Credit Risk Management (OCRM) to submit an annual report to
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