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H.R. 825 · 119th Congress

Assisting Small Businesses Not Fraudsters Act

In committee

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Bill details

Introduced: 1/28/2025
Current status: In committee
Bill ID: 119hr825
Latest official action: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Bill overview

A neutral overview based on official congressional sources.

Introduced in House

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.

Source: BILLSUM · Summary date: 1/28/2025

Related votes

Roll calls that reference this bill in official data.

1 roll call
House · 119 / 1 · Roll 43
On Motion to Suspend the Rules and Pass
Date: 2/24/2025Result: Passed
Open vote →

Primary sources

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Congress.gov bill →OurCongress methodology →

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Last updated: 1/28/2025Source: BILLSUMBill: 119hr825Learn more →