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H.R. 825 House Commerce

Assisting Small Businesses Not Fraudsters Act

Introduced
Jan 28, 2025
Sponsor
Rep. Williams, Roger (R-TX-25)
View on Congress.gov

STAGE 4 OF 8 — HOUSE FLOOR

Currently in the House. Last action: received in the senate and read twice and referred to the committee on small business and entrepreneurship on Feb 25, 2025.

  1. House Introduced in House Jan 28, 2025
  2. House Referred to the House Committee on Small Business. Jan 28, 2025
  3. House Mr. Williams (TX) moved to suspend the rules and pass the bill. Feb 24, 2025
  4. House Considered under suspension of the rules. (consideration: CR H737-739) Feb 24, 2025
  5. House DEBATE - The House proceeded with forty minutes of debate on H.R. 825. Feb 24, 2025
  6. House 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. Feb 24, 2025
  7. House Considered as unfinished business. (consideration: CR H748) Feb 24, 2025
  8. House 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) Feb 24, 2025
  9. 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) Feb 24, 2025
  10. House Motion to reconsider laid on the table Agreed to without objection. Feb 24, 2025
  11. House
    On Motion to Suspend the Rules and Pass Feb 24, 2025
    Agreed Yea 405 Nay 0 Roll Call
  12. Senate Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. Feb 25, 2025

Cosponsors

3

Subjects

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

Committees

  • Small Business and Entrepreneurship Committee
    • [Referred To, Feb 25, 2025]
  • Small Business Committee
    • [Referred To, Jan 28, 2025]

Summary

Assisting Small Businesses Not Fraudsters ActThis 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.

[Summary as of: Introduced in House]

Bill Text

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