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Bars Fraud Convicts from Small Business Aid
Recent Bills/Bars Fraud Convicts from Small Business Aid

Bars Fraud Convicts from Small Business Aid

IntroducedN/A
In Senate1 year ago
Intro
Senate
House
Pres
Awaiting House vote
CommerceGovernment lending and loan guaranteesCriminal investigation, prosecution, interrogationFraud offenses and financial crimesSmall businessCredit and credit markets
Why This Matters

This bill prevents anyone convicted of defrauding the government from getting financial support from the Small Business Administration.

If you are convicted of fraud against the government, you will lose access to Small Business Administration funds.
Who this affects
Individuals · Small businesses
What changes is this bill making?
  1. 1Individuals convicted of defrauding the government cannot receive financial help from the Small Business Administration.
  2. 2Small businesses with convicted associates will also be ineligible for this assistance.
  3. 3This law targets crimes related to financial misconduct and false statements about loans or grants.
  4. 4The prohibition applies to various types of loans and grants, especially those related to the COVID-19 pandemic.
  5. 5The law does not affect agreements made before this bill becomes law.
Read full document
Bill Progress3 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
Senate
House
Pres
IntroducedFeb 6, 2025
Sponsors
See all 3 sponsors
Senate
HouseCurrent

Awaiting House vote

President

The President

Donald Trump
President
Awaiting Vote
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