,,ib ,union ,calendar ,no4 #ajd #aagth  
,,congress  #ast ,session  ,h4 ,r4 #deca
 ,report ,no4 #aag-add ,,in ,,the       
,,house ,,of ,,representatives  ,july   
#ai1 #bjba,mr4 ,meuser 7for himself and 
,mr4 ,phillips7 introduced the following
 bill2 which was referred to the        
,committee on ,small ,business  ,october
 #ab1 #bjba;,additional sponsor3 ,ms4   
,van ,duyne  ,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 require a report on  
#g7;a7 agents1 and for other purposes4  
#a4 ,short title ,this ,act may be cited
 as the #g7;a7 ,loan ,agent ,oversight  
,act4  #b4 ,report on #g7;a7 agents     
,section #dg of the ,small ,business    
,act 7#ae ,u4,s4,c4 #fegt7 is amended by
 adding at the end the following new    
subsection3  7j7 ,annual report  7#a7   
,in general ,the ,director shall submit 

to ,congress1 in addition to the report 
required under subsection 7h77#b71 an   
annual report including1 for the        
calendar year covered by the report--   
7,a7 the number of #g7;a7 agents        
assisting applicants for loans under    
section #g7;a71 disaggregated by #g7;a7 
agents who are attorneys1 accountants1  
consultants1 packagers1 and lender      
service providers 7as defined by section
 #ajc4a of title #ac1 ,code of ,federal 
,regulations72  7,b7 the number of      
fraudulent loans made for which an      
applicant used services of a #g7;a7     
agent2  7,c7 the purchase rate by the   
,administrator of loans for which an    
applicant used services of a #g7;a7     
agent2  7,d7 the number and aggregate   
dollar value of referral fees paid to   
#g7;a7 agents1 disaggregated by whether 
the applicant or #g7;a7 lender paid such
 fees2  7,e7 without identifying        
individual #g7;a7 agents by name1 a     
consolidated analysis of the risk       
created by the individual #g7;a7 agents 

responsible for not less than #a percent
 of-- 7i7 the dollar value of loans made
 with the assistance of #g7;a7 agents2  
and  7ii7 the number of loans made with 
the assistance of #g7;a7 agents2  7,f7  
an analysis of interest rates on loans  
for which an applicant or #g7;a7 lender 
used services of an agent2 and  7,g7 a  
description of how the ,administrator   
communicates with #g7;a7 agents4  7#b7  
,definitions ,in this subsection3 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-- 7i7       
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  
7ii7 consulting1 broker1 or referral    
services with respect to a loan under   
section #g7;a74  4  ,october #ab1       
#bjba;,committed to the ,committee of   

the ,whole ,house on the ,state of the  
,union and ordered to be printed