At 4:01 a.m. ET Saturday morning, the Senate passed a bipartisan compromise Continuing Resolution (CR) to fund the federal government through December 11. The House has not yet considered the legislation and remains in recess until the end of August. While the timing of House action is still uncertain, the House is expected to take up the Senate-passed CR upon its return, and passage is widely anticipated.
Most importantly for the 7(a) lending industry, the Senate-passed CR includes the NAGGL-advocated anomaly language for both the 7(a) Loan Program and the Secondary Market Guarantee Program. This language provides both programs with the flexibility to support lending and secondary market activity at any volume necessary—within FY 2026 authorization levels—without a prorated limitation on lending or pooled sale volume during the CR period. Securing CR anomalies for the 7(a) Loan Program and the Secondary Market Guarantee Program is one of NAGGL’s highest advocacy priorities each year.
While this is a significant and positive development, the process is not yet complete. The legislation must still be approved by the House and signed into law by the President. NAGGL remains actively engaged with policymakers and will continue to monitor negotiations closely, advocate on behalf of the industry, and keep members informed as the funding process moves forward.
