Us Congress 2025-2026 Regular Session

Us Congress House Bill HB825

Introduced
1/28/25  
Refer
1/28/25  

Caption

Assisting Small Businesses Not Fraudsters ActThis 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.

Congress_id

119-HR-825

Policy_area

Commerce

Introduced_date

2025-01-28

Companion Bills

US SB1047

Related bill Assisting Small Businesses Not Fraudsters Act

Similar Bills

No similar bills found.