Assisting Small Businesses Not Fraudsters Act

Sponsored byRep. Williams, Roger [R-TX-25]TX· Introduced 28 janvier 2025

Open on Congress.gov

Cosponsors

Actions

Amendments

Committees

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Since introduced

Introduced

Committee

Passed Chamber

Passed Both

Enacted

Step 1 of 0

Latest action

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

25 février 2025·1 year ago

Summary

Introduced in House · Updated 24 février 2025

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.

Timeline

12 actions

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

Sponsorship

3 cosponsors

Sponsor

Rep. Williams, Roger [R-TX-25]TX

Cosponsors

Democrat3100%

Democrat:Rep. Goodlander, Maggie [D-NH-2]NH
Democrat:Rep. Mfume, Kweisi [D-MD-7]MD
Democrat:Rep. Simon, Lateefah [D-CA-12]CA

Classification

Policy area

Commerce

Legislative subjects

Credit and credit marketsCriminal investigation, prosecution, interrogationFraud offenses and financial crimesGovernment lending and loan guaranteesSmall business

Committees

Small Business Committee
House · Standing
- Referred To28 Jan 2025
Small Business and Entrepreneurship Committee
Senate · Standing
- Referred To25 Feb 2025

Cosponsor momentum

Cumulative over time

Track Assisting Small Businesses Not Fraudsters Act as it moves through Congress