HR 825
Assisting Small Businesses Not Fraudsters Act
Summary
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.
Bill status
- Status
- Passed House
- Sponsor
- Rep. Roger Williams [R-TX-25]
- Cosponsors
- 3
- Policy area
- Commerce
- Introduced
- 2025-01-28
- Latest action
- 2025-02-25: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Committee referrals
Recent actions
- 2025-02-25: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 2025-02-24: Motion to reconsider laid on the table Agreed to without objection.
- 2025-02-24: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 405 - 0 (Roll no. 43). (text: CR H737)
- 2025-02-24: 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): 405 - 0 (Roll no. 43). (text: CR H737)
- 2025-02-24: Considered as unfinished business. (consideration: CR H748)