,,ib ,union ,calendar ,no4 #aja #aagth  
,,congress  #ast ,session  ,h4 ,r4 #ddha
 ,report ,no4 #aag-ada ,,in ,,the       
,,house ,,of ,,representatives  ,july   
#af1 #bjba,mr4 ,phillips 7for himself   
and ,mr4 ,meuser7 introduced the        
following bill2 which was referred to   
the ,committee on ,small ,business      
,october #ab1 #bjba;,additional         
sponsors3 ,mr4 ,donalds1 ,ms4 ,tenney1  
,mr4 ,garbarino1 ,ms4 ,van ,duyne1 and  
,ms4 ,salazar  ,october #ab1            
#bjba,reported from the ,committee on   
,small ,business2 committed to the      
,committee of the ,whole ,house on the  
,state of the ,union and ordered to be  
printed  ,a ,,bill  ,to amend the ,small
 ,business ,act to establish            
requirements for #g7;a7 agents1 and for 
other purposes4  #a4 ,short title ,this 
,act may be cited as the ,small         
,business #g7;a7 ,loan ,agent           
,transparency ,act4  #b4 ,requirements  
for #g7;a7 agents  7a7 ,office of       
,credit ,risk ,management ,duties       

,section #dg7;b7 of the ,small ,business
 ,act 7#ae ,u4,s4,c4 #fegt7b77 is       
amended-- 7#a7 in paragraph 7#b71 by    
striking and at the end2  7#b7 in       
paragraph 7#c71 by striking the period  
and inserting a semicolon2 and  7#c7 by 
adding at the end the following new     
paragraph3  7#d7 any #g7;a7 agent4  4   
7b7 ,enforcement authority  7#a7 ,office
 of ,credit ,risk ,management ,section  
#dg7;e7 of the ,small ,business ,act    
7#ae ,u4,s4,c4 #fegt7e77 is amended by  
inserting or #g7;a7 agent after #g7;a7  
lender each place such term appears4    
7#b7 ,lender ,oversight ,committee      
,section #dh7;c77#b7 of the ,small      
,business ,act is amended by striking   
and any ,lending ,partner or            
,intermediary participant and inserting 
1 any #g7;a7 agent 7as defined in       
section #dg71 or any ,lending ,partner  
or ,intermediary participant4  7c7      
,registration system ,section #dg of the
 ,small ,business ,act 7#ae ,u4,s4,c4   
#fegt7 is amended by adding at the end  

the following new subsections3  7j7     
,registration system for #g7;a7 agents  
7#a7 ,in general ,the ,director shall   
establish a registration system for     
#g7;a7 agents that assigns a unique     
identifier to each #g7;a7 agent and     
collects data necessary for the         
,director to submit the report required 
under paragraph 7#d74  7#b7             
,requirements ,a #g7;a7 agent shall--   
7,a7 register in the system established 
under paragraph 7#a7 before providing   
covered services to a lender or         
applicant2 and  7,b7 effective #a year  
after the date of the enactment of this 
subsection1 submit an annual fee for    
such registration to the ,director4     
7#c7 ,database ,the ,director shall     
establish and maintain an electronic    
database of the types of covered        
services provided by each #g7;a7 agent4 
7k7 ,definitions ,in this section3 7#a7 
#g7;a7 agent ,the term #g7;a7 agent     
means a person who provides covered     
services on behalf of a lender or       

applicant4  7#b7 ,covered services ,the 
term covered services means-- 7,a7      
assistance with completing an           
application for a loan under section    
#g7;a7 7including preparing a business  
plan1 cash flow projections1 financial  
statements1 and related documents72 or  
7,b7 consulting1 broker1 or referral    
services with respect to a loan under   
section #g7;a74  4  7d7 ,effective date 
,this ,act and the amendments made by   
this ,act shall take effect #f months   
after the date of the enactment of this 
,act4  ,october #ab1 #bjba;,committed to
 the ,committee of the ,whole ,house on 
the ,state of the ,union and ordered to 
be printed