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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2025-02-25 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. | Senate |
| 2025-02-24 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2025-02-24 | Vote | 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) | House floor actions |
| 2025-02-24 | Floor | Considered as unfinished business. (consideration: CR H748) | House floor actions |
| 2025-02-24 | Floor | 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. | House floor actions |
| 2025-02-24 | Floor | DEBATE - The House proceeded with forty minutes of debate on H.R. 825. | House floor actions |
| 2025-02-24 | Floor | Considered under suspension of the rules. (consideration: CR H737-739) | House floor actions |
| 2025-02-24 | Floor | Mr. Williams (TX) moved to suspend the rules and pass the bill. | House floor actions |
| 2025-01-28 | IntroReferral | Referred to the House Committee on Small Business. | House floor actions |
| 2025-01-28 | IntroReferral | Introduced in House | Library of Congress |