Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Assisting Small Businesses Not Fraudsters Act
Chamber: United States House of Representatives (The United States of America)
**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.
Sponsors
(4)
RWRoger Williams
Republican · Primary
KMKweisi Mfume
Democrat · Primary
LSLateefah Simon
Democrat · Primary
MGMaggie Goodlander
Democrat · Cosponsor
Legislative Votes
United States House of Representatives: U.S. House Vote #43
Feb 24, 2025 Yes: 405
No: 0
Not Voting: 0
Absent: 27
Chamber Visualization
Yes
No
Not Voting
Absent
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