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Congress·Passed House·H.R. 825

Small Business Loans: Ban for Fraud Convictions

Assisting Small Businesses Not Fraudsters Act

about 1 year ago·View on Congress.gov
⏸

Stalled

No legislative action in over 90 days.

Legislative Progress

✓ House
Senate
President
Law

Key Points

  • Congress passed a bill that stops people convicted of cheating the government out of COVID-19 relief money from getting future help from the Small Business Administration (SBA).
  • The ban applies to business owners, officers, and key employees who were found guilty of lying or financial misconduct to get pandemic-era loans or grants, such as the Paycheck Protection Program.
  • If a person with a fraud conviction owns at least 20% of a company or is in a leadership role, that entire business will be blocked from receiving most types of federal small business assistance.
  • This rule only kicks in after a person has been 'finally convicted,' meaning they have finished all their legal appeals and the court's decision is permanent.
  • The policy aims to protect taxpayer money by ensuring that federal resources go to honest business owners rather than those who have already been caught stealing from government programs.

Milestones

3 milestones11 actions
Feb 25, 2025Senate

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Feb 24, 2025House

Motion to reconsider laid on the table Agreed to without objection.

Feb 24, 2025House

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, 2025House

Considered as unfinished business. (consideration: CR H748)

Vote Results

1 vote
HousePassedProceduralFeb 24, 2025

On Motion to Suspend the Rules and Pass

405
0
Democrat
200 – 0 · 15
Republican
205 – 0 · 12
View full roll call

Source Information

Document Type

Congressional Bill

Official Title

Assisting Small Businesses Not Fraudsters Act

Bill NumberHR 825
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReceived in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Sponsor

Cosponsors

(3)
D: 3

Analysis generated by AI. Always verify with official sources.