Small Business Lending Fraud Prevention Act
USA119th CongressHR-7401| House
| Updated: 7/13/2026
Daniel Meuser
Republican Representative
Pennsylvania
Cosponsors (1)
Small Business Committee, Small Business and Entrepreneurship Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This legislation mandates that Small Business Administration employees who personally and substantially participate in the origination, review, or approval of loans must certify they have no prohibited conflicts of interest. This certification must be made prior to their involvement in any such loan, ensuring transparency and integrity in the lending process. Should an employee discover a conflict of interest after submitting their certification, they are required to immediately disclose it to their supervisor and recuse themselves from further participation in that specific loan. The bill also stipulates that the Administrator of the Small Business Administration must issue implementing regulations within 180 days of the Act's enactment, with the certification requirement taking effect 270 days later.
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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: 24 - 0.
Placed on the Union Calendar, Calendar No. 426.
Reported by the Committee on Small Business. H. Rept. 119-500.
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Considered under suspension of the rules.
Considered under suspension of the rules. (consideration: CR H4140-4141; text: CR H4140)
DEBATE - The House proceeded with forty minutes of debate on H.R. 7401.
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 The point of no quorum was considered as withdrawn.
Considered as unfinished business.
Considered as unfinished business. (consideration: CR H4226-4227)
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).
View VoteMotion 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
Administrative law and regulatory proceduresAdministrative remediesGovernment employee pay, benefits, personnel managementGovernment ethics and transparency, public corruptionSmall Business Administration
Small Business Lending Fraud Prevention Act
USA119th CongressHR-7401| House
| Updated: 7/13/2026
This legislation mandates that Small Business Administration employees who personally and substantially participate in the origination, review, or approval of loans must certify they have no prohibited conflicts of interest. This certification must be made prior to their involvement in any such loan, ensuring transparency and integrity in the lending process. Should an employee discover a conflict of interest after submitting their certification, they are required to immediately disclose it to their supervisor and recuse themselves from further participation in that specific loan. The bill also stipulates that the Administrator of the Small Business Administration must issue implementing regulations within 180 days of the Act's enactment, with the certification requirement taking effect 270 days later.
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: 24 - 0.
Placed on the Union Calendar, Calendar No. 426.
Reported by the Committee on Small Business. H. Rept. 119-500.
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Considered under suspension of the rules.
Considered under suspension of the rules. (consideration: CR H4140-4141; text: CR H4140)
DEBATE - The House proceeded with forty minutes of debate on H.R. 7401.
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.
Considered as unfinished business.
Considered as unfinished business. (consideration: CR H4226-4227)
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).
View VoteMotion 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.
Daniel Meuser
Republican Representative
Pennsylvania
Cosponsors (1)
Small Business Committee, Small Business and Entrepreneurship Committee
Commerce
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresAdministrative remediesGovernment employee pay, benefits, personnel managementGovernment ethics and transparency, public corruptionSmall Business Administration