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119th Congress · H.R. 7401 · Final

Small Business Lending Fraud Prevention Act

This bill requires Small Business Administration (SBA) employees who participate in the origination, review, or approval of SBA loans to certify in writing prior to such participation that the employee does not have any conflict of interest with respect to the loan, will disclose any such conflict of interest arising after the certification is made, and understands the requirements with respect to conflicts of interest applicable SBA employees. Under current law, federal employees must disclose financial conflicts of interest with respect to a particular matter and recuse themselves from such matter (with limited exceptions upon authorization from the employee's agency designee). The SBA must issue regulations implementing the requirements of this bill.

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SubjectsAdministrative law and regulatory proceduresGovernment employee pay, benefits, personnel managementGovernment ethics and transparency, public corruptionSmall Business Administration
Sponsor
Daniel Meuser, R-PA-9
4 terms · @RepMeuser
350 Cannon House Office Building Washington DC 20515-3809 · 202-225-6511
Cosponsors (1)
  • Maggie V. Goodlander, D-NH-2Original cosponsor
    Co-sponsored Feb 5, 2026 · 1 term · @RepGoodlander
Committees (2)
  • Small Business and Entrepreneurship Committee
    Senate Standing · Activity Jul 13, 2026
  • Small Business Committee
    House Standing · Activity Feb 20, 2026
Actions (17)
  1. Jul 13, 2026 · via Senate
    Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
  2. Jun 24, 2026 · via House floor actions
    Motion to reconsider laid on the table Agreed to without objection.
  3. Jun 24, 2026 · via House floor actions
    On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 415 - 0, 1 Present (Roll no. 225).
  4. Jun 24, 2026 · via Library of Congress
    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): 415 - 0, 1 Present (Roll no. 225).
  5. Jun 24, 2026 · via House floor actions
    Considered as unfinished business. (consideration: CR H4226-4227)
  6. Jun 23, 2026 · via House floor actions
    At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Williams (TX) objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was considered as withdrawn.
  7. Jun 23, 2026 · via House floor actions
    DEBATE - The House proceeded with forty minutes of debate on H.R. 7401.
  8. Jun 23, 2026 · via House floor actions
    Considered under suspension of the rules. (consideration: CR H4140-4141; text: CR H4140)
  9. Jun 23, 2026 · via House floor actions
    Mr. Williams (TX) moved to suspend the rules and pass the bill.
  10. Feb 20, 2026 · via House floor actions
    Placed on the Union Calendar, Calendar No. 426.
  11. Feb 20, 2026 · via House floor actions
    Reported by the Committee on Small Business. H. Rept. 119-500.
  12. Feb 20, 2026 · via Library of Congress
    Reported by the Committee on Small Business. H. Rept. 119-500.
  13. Feb 11, 2026 · via House committee actions
    Ordered to be Reported by the Yeas and Nays: 24 - 0.
  14. Feb 11, 2026 · via House committee actions
    Committee Consideration and Mark-up Session Held
  15. Feb 5, 2026 · via House floor actions
    Referred to the House Committee on Small Business.
  16. Feb 5, 2026 · via Library of Congress
    Introduced in House
  17. Feb 5, 2026 · via Library of Congress
    Introduced in House
IntroducedFeb 5, 2026
Policy areaCommerce

Constitutional authority cited

[Congressional Record Volume 172, Number 26 (Thursday, February 5, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MEUSER:H.R. 7401.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8[Page H2041]
⎔ Pre-anchorPermanent record — anchoring ships soonEpoch 2026-Q4