HR5427-118

Reported

To prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes.

118th Congress Introduced Nov 29, 2023

Legislative Progress

Reported
Introduced Committee Passed
Nov 29, 2023

Received; read twice and referred to the Committee on Small …

Sep 26, 2023

Reported from the Committee on Small Business; committed to the …

Sep 13, 2023

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)
Model: claude-opus-4
Generated: Jan 10, 2026 18:47

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

Small Business Fraud Prevention COVID Relief

Legislative Strategy

"Exclude COVID fraudsters from future SBA programs"

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Small Business Fraud
Actor Mappings
"administrator"
→ SBA Administrator

Key Definitions

Terms defined in this bill

2 terms
"associate" §1a

officer, director, 20%+ owner, key employee, or controlling entity

"covered loan or grant" §1b

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