To prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes.
USA118th CongressHR-5427| House
| Updated: 11/29/2023
Roger Williams
Republican Representative
Texas
Cosponsors (2)
Small Business Committee, Small Business and Entrepreneurship Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the House Committee on Small Business.
Committee Consideration and Mark-up Session Held
Ordered to be Reported by the Yeas and Nays: 22 - 0.
Placed on the Union Calendar, Calendar No. 178.
Reported by the Committee on Small Business. H. Rept. 118-219.
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H5917-5919)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5427.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H5917)
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H5917)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Commerce
Credit and credit marketsCriminal investigation, prosecution, interrogationFraud offenses and financial crimesGovernment lending and loan guaranteesSmall business
To prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes.
USA118th CongressHR-5427| House
| Updated: 11/29/2023
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.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Small Business.
Committee Consideration and Mark-up Session Held
Ordered to be Reported by the Yeas and Nays: 22 - 0.
Placed on the Union Calendar, Calendar No. 178.
Reported by the Committee on Small Business. H. Rept. 118-219.
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H5917-5919)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5427.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H5917)
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H5917)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Roger Williams
Republican Representative
Texas
Cosponsors (2)
Small Business Committee, Small Business and Entrepreneurship Committee
Commerce
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Credit and credit marketsCriminal investigation, prosecution, interrogationFraud offenses and financial crimesGovernment lending and loan guaranteesSmall business