Congress 119 - HR 7401 - Small Business Lending Fraud Prevention Act

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Topics

Administrative law and regulatory procedures Administrative remedies Commerce Government employee pay, benefits, personnel management Government ethics and transparency, public corruption Small Business Administration

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Votes

Summary

Small Business Lending Fraud Prevention Act

This bill requires Small Business Administration (SBA) employees who participate in the origination, review, or approval of SBA loans to certify in writing prior to such participation that the employee

does not have any conflict of interest with respect to the loan,
will disclose any such conflict of interest arising after the certification is made, and
understands the requirements with respect to conflicts of interest applicable SBA employees.

Under current law, federal employees must disclose financial conflicts of interest with respect to a particular matter and recuse themselves from such matter (with limited exceptions upon authorization from the employee's agency designee).

The SBA must issue regulations implementing the requirements of this bill.

Actions

Jul 13, 2026

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Jun 24, 2026

Motion to reconsider laid on the table Agreed to without objection.
Jun 24, 2026

On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 415 - 0, 1 Present (Roll no. 225).
Jun 24, 2026

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): 415 - 0, 1 Present (Roll no. 225).
Jun 24, 2026

Considered as unfinished business. (consideration: CR H4226-4227)
Jun 24, 2026

Considered as unfinished business.
Jun 23, 2026

At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Williams (TX) objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was considered as withdrawn.
Jun 23, 2026

DEBATE - The House proceeded with forty minutes of debate on H.R. 7401.
Jun 23, 2026

Considered under suspension of the rules. (consideration: CR H4140-4141; text: CR H4140)
Jun 23, 2026

Mr. Williams (TX) moved to suspend the rules and pass the bill.
Jun 23, 2026

Considered under suspension of the rules.
Feb 20, 2026

Placed on the Union Calendar, Calendar No. 426.
Feb 20, 2026

Reported by the Committee on Small Business. H. Rept. 119-500.
Feb 11, 2026

Ordered to be Reported by the Yeas and Nays: 24 - 0.
Feb 11, 2026

Committee Consideration and Mark-up Session Held
Feb 5, 2026

Referred to the House Committee on Small Business.
Feb 5, 2026

Introduced in House

Amendments

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