HR 7401
Small Business Lending Fraud Prevention Act
Summary
Small Business Lending Fraud Prevention Act This bill requires Small Business Administration (SBA) employees who participate in the origination, review, or approval of SBA loans to certify in writing prior to such participation that the employee does not have any conflict of interest with respect to the loan, will disclose any such conflict of interest arising after the certification is made, and understands the requirements with respect to conflicts of interest applicable SBA employees. Under current law, federal employees must disclose financial conflicts of interest with respect to a particular matter and recuse themselves from such matter (with limited exceptions upon authorization from the employee's agency designee). The SBA must issue regulations implementing the requirements of this bill.
Bill status
- Status
- Passed House
- Sponsor
- Rep. Daniel Meuser [R-PA-9]
- Cosponsors
- 1
- Policy area
- Commerce
- Introduced
- 2026-02-05
- Latest action
- 2026-07-13: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committee referrals
Recent actions
- 2026-07-13: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 2026-06-24: Motion to reconsider laid on the table Agreed to without objection.
- 2026-06-24: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 415 - 0, 1 Present (Roll no. 225).
- 2026-06-24: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 415 - 0, 1 Present (Roll no. 225).
- 2026-06-24: Considered as unfinished business. (consideration: CR H4226-4227)