Assisting Small Businesses Not Fraudsters Act
Where it stands
- Introduced1/28/25
- Passed HousePassed 2/24/25
- Senate
- President
- Law
Passed the House 405–0 on February 24, 2025 (Roll Call 43 →). Received in the Senate on February 25, 2025. No Senate action since.
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Roll calls on this bill
- Democratic200 Yea · 0 Nay · 15 Not voting
- Republican205 Yea · 0 Nay · 12 Not voting
- Independent / Other0 Yea · 0 Nay · 0 Not voting
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 happens next
The Senate must pass the same text, then it goes to the President.
If it isn't enacted by Jan 3, 2027, it expires when the 119th Congress ends.
All actions (11)
- 1/28/25Introduced in House
- 1/28/25Referred to the House Committee on Small Business.
- 2/24/25Mr. Williams (TX) moved to suspend the rules and pass the bill.
- 2/24/25Considered under suspension of the rules. (consideration: CR H737-739)
- 2/24/25DEBATE - The House proceeded with forty minutes of debate on H.R. 825.
- 2/24/25At 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.
- 2/24/25Considered as unfinished business. (consideration: CR H748)
- 2/24/25Passed/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)
- 2/24/25On 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)
- 2/24/25Motion to reconsider laid on the table Agreed to without objection.
- 2/25/25Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.