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119th Congress · H.R. 825 · Passed Origin

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.

Full bill text →

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SubjectsCredit and credit marketsCriminal investigation, prosecution, interrogationFraud offenses and financial crimesGovernment lending and loan guaranteesSmall business
Sponsor
Roger Williams, R-TX-25
7 terms · @RepRWilliams
Official website ↗
2336 Rayburn House Office Building Washington DC 20515-4325 · 202-225-9896
Cosponsors (3)
  • Kweisi Mfume, D-MD-7Original cosponsor
    Co-sponsored Jan 28, 2025 · 9 terms · @RepKweisiMfume
  • Lateefah A. Simon, D-CA-12Original cosponsor
    Co-sponsored Jan 28, 2025 · 1 term · @RepLSimon
  • Maggie V. Goodlander, D-NH-2
    Co-sponsored Feb 24, 2025 · 1 term · @RepGoodlander
Committees (2)
  • Small Business and Entrepreneurship Committee
    Senate Standing · Activity Feb 25, 2025
  • Small Business Committee
    House Standing · Activity Jan 28, 2025
Actions (12)
  1. Feb 25, 2025 · via Senate
    Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
  2. Feb 24, 2025 · via House floor actions
    Motion to reconsider laid on the table Agreed to without objection.
  3. Feb 24, 2025 · via House floor actions
    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)
  4. Feb 24, 2025 · 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): 405 - 0 (Roll no. 43). (text: CR H737)
  5. Feb 24, 2025 · via House floor actions
    Considered as unfinished business. (consideration: CR H748)
  6. Feb 24, 2025 · via House floor actions
    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.
  7. Feb 24, 2025 · via House floor actions
    DEBATE - The House proceeded with forty minutes of debate on H.R. 825.
  8. Feb 24, 2025 · via House floor actions
    Considered under suspension of the rules. (consideration: CR H737-739)
  9. Feb 24, 2025 · via House floor actions
    Mr. Williams (TX) moved to suspend the rules and pass the bill.
  10. Jan 28, 2025 · via House floor actions
    Referred to the House Committee on Small Business.
  11. Jan 28, 2025 · via Library of Congress
    Introduced in House
  12. Jan 28, 2025 · via Library of Congress
    Introduced in House
IntroducedJan 28, 2025
Policy areaCommerce
RelatedS. 1047
SourceView on Congress.gov ↗
Bill textRead full text →

Constitutional authority cited

[Congressional Record Volume 171, Number 18 (Tuesday, January 28, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. WILLIAMS of Texas:H.R. 825.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the Constitution of the UnitedStates.[Page H408]
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