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HR 5427 118th Congress House Commerce Credit and credit markets Criminal investigation, prosecution, interrogation Fraud offenses and financial crimes Government lending and loan guarantees Small business

To prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes.

Introduced: September 13, 2023 Introduced by: Williams, Roger Republican · Texas See on congress.gov
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 Everywhere this bill has been 13 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 29, 2023
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Nov 28, 2023
Motion to reconsider laid on the table Agreed to without objection.
Nov 28, 2023
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H5917)
Nov 28, 2023
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H5917)
Nov 28, 2023
DEBATE - The House proceeded with forty minutes of debate on H.R. 5427.
Nov 28, 2023
Considered under suspension of the rules. (consideration: CR H5917-5919)
Nov 28, 2023
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Sep 26, 2023
Placed on the Union Calendar, Calendar No. 178.
Sep 26, 2023
Reported by the Committee on Small Business. H. Rept. 118-219.
Sep 14, 2023
Ordered to be Reported by the Yeas and Nays: 22 - 0.
Sep 14, 2023
Committee Consideration and Mark-up Session Held
Sep 13, 2023
Referred to the House Committee on Small Business.
Sep 13, 2023
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now November 29, 2023

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

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 1 Republican 1