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![handle is hein.congrecreports/crptxafie0001 and id is 1 raw text is: AUTHENTICATED
U.GOVERNMENT
INFORMATION .
118TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 118-100
SMALL BUSINESS 7(A) LOAN AGENT TRANSPARENCY ACT
JUNE 5, 2023.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. WILLIAMS of Texas, from the Committee on Small Business,
submitted the following
R E P O R T
[To accompany H.R. 1651]
[Including cost estimate of the Congressional Budget Office]
The Committee on Small Business, to whom was referred the bill
(H.R. 1651) 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. Need for Legislation .................................................................................... 2
III. Hearings ....................................................................................................... 3
IV. Com m ittee Consideration ......................................................................... 3
V . Com m ittee V otes ....................................................................................... 4
VI. Section-by-Section of H .R. 1651 ............................................................... 7
VII. Congressional Budget Office Cost Estimate ............................................ 7
VIII. New Budget Authority, Entitlement Authority, and Tax Expenditures 9
IX. Oversight Findings & Recommendations .................................................. 9
X. Performance Goals and Objectives ........................................................... 9
XI. Statement of Duplication of Federal Programs ....................................... 10
XII. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff
Benefits ..................................................................................................... 10
XIII. Federal Mandates Statement .................................................................... 10
XIV. Federal Advisory Committee Statement ................................................... 10
XV. Applicability to Legislative Branch ........................................................... 10
XVI. Statement of Constitutional Authority ...................................................... 10
XVII. Changes in Existing Law, Made by the Bill, As Reported ...................... 10
I. PURPOSE AND BILL SUMMARY
The purpose of H.R. 1651, the Small Business 7(a) Loan Agent
Transparency Act, is to establish a registration system with
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