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HR 825 119th Congress House Commerce Credit and credit markets Criminal investigation, prosecution, interrogation Fraud offenses and financial crimes Government lending and loan guarantees Small business

Assisting Small Businesses Not Fraudsters Act

Introduced: January 28, 2025 Introduced by: Williams, Roger Republican · Texas See on congress.gov
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 Everywhere this bill has been 11 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 25, 2025
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Feb 24, 2025
Motion to reconsider laid on the table Agreed to without objection.
Feb 24, 2025
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 405 - 0 (Roll no. 43). (text: CR H737)
Feb 24, 2025
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 405 - 0 (Roll no. 43). (text: CR H737)
Feb 24, 2025
Considered as unfinished business. (consideration: CR H748)
Feb 24, 2025
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Feb 24, 2025
DEBATE - The House proceeded with forty minutes of debate on H.R. 825.
Feb 24, 2025
Considered under suspension of the rules. (consideration: CR H737-739)
Feb 24, 2025
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Jan 28, 2025
Referred to the House Committee on Small Business.
Jan 28, 2025
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Feb 24, 2025 House · vote #43 On Motion to Suspend the Rules and Pass Passed 405–0 See who voted →
 Plain-English 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.

What's happening now February 25, 2025

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

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 3