Assisting Small Businesses Not Fraudsters Act
Introduced Jan 28, 2025 by Rep. Roger Williams
The House passed it. The Senate has to pass it before it can reach the President.
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.
Summary by the Congressional Research Service.
- Feb 25, 2025Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Feb 24, 2025Motion to reconsider laid on the table Agreed to without objection.
- Feb 24, 2025On 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, 2025Passed/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, 2025Considered as unfinished business. (consideration: CR H748)
- Feb 24, 2025At 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, 2025DEBATE - The House proceeded with forty minutes of debate on H.R. 825.
- Feb 24, 2025Considered under suspension of the rules. (consideration: CR H737-739)
- Feb 24, 2025Mr. Williams (TX) moved to suspend the rules and pass the bill.
- Jan 28, 2025Referred to the House Committee on Small Business.
- Jan 28, 2025Introduced in House