The bill would
• Require the Small Business Administration (SBA) to establish a registration system for agents assisting small businesses with applying for loans under the SBA’s 7(a) loan program
Estimated budgetary effects would mainly stem from
• Spending subject to appropriation to establish and maintain a registration system for agents working on 7(a) loans
• Collections of annual registration fees and civil monetary penalties, both of which are classified as revenues
• Direct spending of annual registration fees
