A Democratic bill with no cosponsors
Last activity — Referred to the House Committee on Small Business.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The ``7(a) Program Risk Oversight Act'' aims to change how the Office of Credit Risk Management reports its annual data. It modifies the Small Business Act to require more detailed reporting on the risks associated with 7(a) loans. This includes breaking down loan risks by specific dollar amounts and the time since the loan was started. It also requires tracking risks based on whether the borrower is starting a new business or an existing one. Additionally, the bill mandates more detailed reporting on the types of institutions that originate loans and any enforcement actions related to fraud. Finally, the report must be made available to the public on a website shortly after being submitted to Congress.
Yes· 3 of 4
- Scored +5
Does this make what the government does easier for the public to see?
The bill mandates that the annual report be made available to the public on a website within seven days of submission to Congress.
- Scored +3
Does this make the government pay for what it commits to?
The bill enhances oversight of loan risks and fraudulent activities within the 7(a) loan program.
- Scored +2
Does this make it easier to run a small business?
Increased transparency and risk tracking can help ensure the stability of the small business lending environment.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Transparency: The bill requires the Director to make the annual report available to the public on a website within 7 days of submitting it to Congress (Section 2(a)(1)(3)). This allows citizens to see exactly how risk is being managed.
-
Better Data on Loan Risks: The bill requires the report to include an analysis of program risk for 7(a) loans broken down by specific dollar value tiers, such as loans up to $50,000 or up to $5,000,000 (Section 2(a)(1)(2)(A-D)). This provides a clearer picture of how different loan sizes are performing.
-
Insight into Business Longevity: The new requirements will track risk based on whether a borrower is opening a new business or is an existing business that has been operating for less than or more than two years (Section 2(a)(1)(2)(F)). This can help people understand the risks facing new versus established businesses.
-
Tracking of Fraud and Misconduct: The bill adds requirements to report on the number of enforcement actions taken for fraud, civil monetary penalties assessed for fraud, and loans determined to have been made fraudulently (Section 2(a)(1)(2)(H)(O-R)). This provides accountability regarding fraudulent activities within the program.
Potential Negative Impacts for People
- No specific negative impacts are mentioned in the text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this make the government pay for what it commits to? — The bill enhances oversight of loan risks and fraudulent activities within the 7(a) loan program. Does this make it easier to run a small business? — Increased transparency and risk tracking can help ensure the stability of the small business lending environment.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill mandates that the annual report be made available to the public on a website within seven days of submission to Congress.
- Demographic And Interest Groups
- Would business owners be better off under this? — The bill provides more granular data regarding loan risks for new and existing businesses.
- 7/14/2026
- Referred to the House Committee on Small Business.
- Introduced in House