H.R. 825 · 119th Congress
Assisting Small Businesses Not Fraudsters Act
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3 cosponsors · 3 D
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- House Introduced Jan 28, 2025
- House Passed Feb 24, 2025 405–0
This bill prohibits individuals convicted of certain financial crimes from receiving assistance from the Small Business Administration (SBA).
What it does: CRS summary · Introduced in House · Jan 28, 2025
Assisting Small Businesses Not Fraudsters Act
This bill prohibits individuals convicted of certain financial crimes from receiving assistance from the Small Business Administration (SBA).
Specifically, the bill prohibits individuals who have been convicted of a crime involving financial misconduct or a false statement with respect to certain COVID-19 loans (e.g., Paycheck Protection Program loans, Restaurant Revitalization Fund grants, and Shuttered Venue Operators grants) from receiving any financial assistance from the SBA (other than a disaster loan).
The prohibition includes SBA assistance to small businesses that have an owner, officer, director, or key employee who has been convicted of such a crime.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
Votes to become law
About this bill and sources
Official title: Assisting Small Businesses Not Fraudsters Act
Latest action (Feb 25, 2025): Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Policy area: Commerce · Origin: House · Introduced: Jan 28, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML) · Embed in your story
- House Introduced Jan 28, 2025
- House Passed Feb 24, 2025 405–0
Final vote · House · Feb 24, 2025
Passage (two-thirds required) — Passed. Vote details
Speaker of the House: Mike Johnson