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substantiveFeb 24, 2025 · House roll call · passage · Result: Passed

On Motion to Suspend the Rules and Pass — H R 825 — Assisting Small Businesses Not Fraudsters Act

Assisting Small Businesses Not Fraudsters Act

In plain language

  • This House bill from the 119th Congress is titled the Assisting Small Businesses Not Fraudsters Act.
  • Official subject tags include credit markets and criminal investigation.
  • The official summary would prohibit individuals convicted of certain financial crimes from receiving SBA assistance.
  • Specifically, individuals convicted of a crime involving financial misconduct or a false statement with respect to certain COVID-19 loans, such as Paycheck Protection Program loans, Restaurant Revitalization Fund grants, and Shuttered Venue Operators grants, could not receive any financial assistance from the SBA other than a disaster-related exception as stated at the opening of that clause.
  • Later eligibility items may appear after that point.
Official summary (Congressional Research Service)

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.

View this measure on congress.gov

Roll-call breakdown

Yea405

Democrat: 200 · Independent: 1 · Republican: 204

Nay0

Present0

Not Voting27

Democrat: 15 · Republican: 12

How each member voted (432)

Yea (405)

Not Voting (27)

Party labels reflect each member’s most recent affiliation on record.