7(a) Loan Agent Oversight Act

This bill requires the Small Business Administration (SBA) to submit an annual report to Congress detailing oversight of 7(a) loan agents. The report must break down data on agent types (like attorneys or consultants), fraudulent loans involving agents, referral fees paid by applicants or lenders, and risk analyses for top agents handling significant loan volumes. It aims to increase transparency around how these agents assist borrowers and influence loan terms, without changing loan eligibility or interest rates. The SBA Director must provide this report annually, directly affecting SBA's reporting obligations and congressional oversight of the 7(a) loan program.