7(a) Program Risk Oversight Act

Sponsor: Nydia M. Velázquez (Democratic-NY)July 14, 2026

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the House Committee on Small Business.

Small business loan program risks would be made public for everyone to see.

This bill would make the Small Business Administration's annual report on its 7(a) loan program much more detailed. It would require the report to break down loan risks by size, age, borrower type, and the kind of bank that made the loan. This detailed information, including fraud and late payment data, would then be posted online for the public to easily access.

What Would Change

Today, the Office of Credit Risk Management provides an annual report on small business loans to Congress, but it lacks specific details on loan risks, fraud, or late payments. If this bill passes, the report would include much more detailed breakdowns of loan risks by factors like loan size, age, and the type of bank that made the loan, and would be made public online within 7 days.

Key Provisions

Requires the Small Business Administration to post its annual loan risk report online within 7 days of sending it to Congress.
Requires the report to show loan risks broken down by loan size, from under $50,000 to up to $5,000,000.
Requires the report to analyze loan risks based on how old the loan is, such as less than one year or more than two years old.
Requires the report to show loan risks based on whether the borrower is a new business, a business less than two years old, or an older, established business.
Requires the report to detail loan risks based on the type of financial institution that made the loan, like banks or credit unions.
Requires the report to include specific numbers and dollar amounts for loans that are 31 to 59 days late on payments, broken down by the originating institution.

View on Congress.gov

HR 9691 · 119th Congress · July 14, 2026 · AI Summary by gemini-2.5-flash · 10/10

7(a) Program Risk Oversight Act

What Would Change

Key Provisions

Lobbying Activity