To prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes.
Sponsors
Legislative Progress
Passed HouseReceived; read twice and referred to the Committee on Small …
Passed House (inferred from eh version)
Mr. Williams of Texas (for himself, Mr. Mfume, and Ms. …
Summary
What This Bill Does
Bars individuals convicted of fraud related to PPP, EIDL, or other covered SBA loans and grants from receiving future SBA financial assistance, and bars businesses associated with such individuals.
Who Benefits and How
SBA program integrity improves by excluding fraudsters. Legitimate small businesses face less competition from bad actors. Taxpayer funds are protected from repeated fraud.
Who Bears the Burden and How
Convicted fraudsters lose SBA eligibility. Businesses with fraudster associates become ineligible. Exception for disaster loans under 7(b).
Key Provisions
- Permanent ineligibility for those convicted of COVID loan/grant fraud
- Applies to officers, directors, 20%+ owners, key employees
- Bars associated small businesses from SBA assistance
- Covers PPP, EIDL, and Restaurant Revitalization Fund
- Disaster loans exempted
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
Prohibits SBA assistance to individuals convicted of fraud related to COVID loans or grants
Policy Domains
Legislative Strategy
"Protect SBA programs from repeat fraud offenders"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_administrator"
- → SBA Administrator
Key Definitions
Terms defined in this bill
Officer, director, 20%+ owner, key employee, or controlling individual of a small business
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