HR 825 · Assisting Small Businesses Not Fraudsters Act
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Introduced
- Jan 28, 2025
- Latest action
- Feb 25, 2025
- Sponsor
- Rep. Roger Williams [R-TX-25]
- Policy area
- Commerce
- Cosponsors
- 3
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.
Recent actions
- Feb 25, 2025 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Feb 24, 2025 Motion to reconsider laid on the table Agreed to without objection.
- Feb 24, 2025 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)
- Feb 24, 2025 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)
- Feb 24, 2025 Considered as unfinished business. (consideration: CR H748)
- Feb 24, 2025 At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
- Feb 24, 2025 DEBATE - The House proceeded with forty minutes of debate on H.R. 825.
- Feb 24, 2025 Considered under suspension of the rules. (consideration: CR H737-739)
Votes
- On Motion to Suspend the Rules and Pass Passed · Feb 24, 2025, 11:53 PM