Assisting Small Businesses Not Fraudsters Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Jan 28, 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.
What just happenedFeb 25, 2025
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Who’s behind it
- Referred in SenateFeb 25, 2025
- Engrossed in HouseFeb 24, 2025
- Introduced in HouseJan 28, 2025
- Feb 25, 2025IntroReferral
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Small Business and Entrepreneurship Committee - Feb 24, 2025FloorH38310
Motion to reconsider laid on the table Agreed to without objection.
- Feb 24, 2025FloorH37300
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, 2025Floor8000
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, 2025FloorH30000
Considered as unfinished business. (consideration: CR H748)
- Feb 24, 2025FloorH37220
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, 2025FloorH8D000
DEBATE - The House proceeded with forty minutes of debate on H.R. 825.
- Feb 24, 2025FloorH30000
Considered under suspension of the rules. (consideration: CR H737-739)
- Feb 24, 2025FloorH30300
Mr. Williams (TX) moved to suspend the rules and pass the bill.
- Jan 28, 2025IntroReferralH11100
Referred to the House Committee on Small Business.
Small Business Committee - Jan 28, 2025IntroReferralIntro-H
Introduced in House
- Jan 28, 2025IntroReferral1000
Introduced in House