Requires a designated Small Business Administration official to submit a yearly report to Congress on the role and risks of “7(a) agents” in the SBA’s 7(a) loan program. The report must cover how many agents are active, what they do, what referral or other fees are paid, fraud and complaint metrics, and how interest rates on loans involving agents compare to other loans.

It also defines who qualifies as a 7(a) agent and what “covered services” include, such as loan packaging, brokering, referrals, and consulting. This adds transparency and oversight without changing borrower eligibility or loan terms directly.