To prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes.
Sponsors
Legislative Progress
ReportedReceived; read twice and referred to the Committee on Small …
Reported from the Committee on Small Business; committed to the …
Mr. Williams of Texas (for himself, Mr. Mfume, and Mr. …
Summary
What This Bill Does
Prohibits individuals convicted of fraud involving PPP loans or other COVID relief from receiving SBA financial assistance. Extends ban to small businesses with such individuals as associates.
Who Benefits and How
SBA program integrity improves. Taxpayers protected from repeat fraudsters. Honest small businesses face less competition from bad actors.
Who Bears the Burden and How
Convicted fraudsters permanently lose SBA access. Small businesses with convicted associates barred. Disaster loan exception preserved.
Key Provisions
- Bars SBA assistance after COVID loan fraud conviction
- Extends to businesses with convicted associates
- Preserves disaster loan eligibility under Section 7(b)
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Bars SBA assistance to individuals convicted of fraud involving PPP or other COVID loans
Policy Domains
Legislative Strategy
"Exclude COVID fraudsters from future SBA programs"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "administrator"
- → SBA Administrator
Key Definitions
Terms defined in this bill
officer, director, 20%+ owner, key employee, or controlling entity
PPP, EIDL, Restaurant Revitalization, Shuttered Venues
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology