HR. 825In Committee
Assisting Small Businesses Not Fraudsters Act
Prohibits people convicted of financial misconduct tied to certain COVID-19 relief loans or grants from receiving most Small Business Administration assistance, including through affiliated small businesses
Plain-English overview
What this bill does
Prohibits people convicted of financial misconduct tied to certain COVID-19 relief loans or grants from receiving most Small Business Administration assistance, including through affiliated small businesses
Key points
- Prohibit SBA assistance recipients
- Limit aid for affiliated businesses
Current status
Where it stands
Status
In Committee
Latest action
2025-02-25 — Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Related context
Topics and policy areas
undefinedCommerceCredit and credit marketsCriminal investigation, prosecution, interrogationFraud offenses and financial crimesGovernment lending and loan guaranteesSmall business