HR 7401 119th Congress

Small Business Lending Fraud Prevention Act

Latest Action

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summary

Small Business Lending Fraud Prevention Act This bill requires Small Business Administration (SBA) employees who participate in the origination, review, or approval of SBA loans to certify in writing prior to such participation that the employee does not have any conflict of interest with respect to the loan, will disclose any such conflict of interest arising after the certification is made, and understands the requirements with respect to conflicts of interest applicable SBA employees. Under current law, federal employees must disclose financial conflicts of interest with respect to a particular matter and recuse themselves from such matter (with limited exceptions upon authorization from the employee's agency designee). The SBA must issue regulations implementing the requirements of this bill.

Vote Result

Passed House

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).

Actions

2026-07-13T00:00:00

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

2026-06-24T00:00:00

Motion to reconsider laid on the table Agreed to without objection.

2026-06-24T00:00:00

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).

2026-06-24T00:00:00

Passed/agreed to in House: 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).

2026-06-24T00:00:00

Considered as unfinished business. (consideration: CR H4226-4227)

2026-06-23T00:00:00

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 The point of no quorum was considered as withdrawn.

2026-06-23T00:00:00

DEBATE - The House proceeded with forty minutes of debate on H.R. 7401.

2026-06-23T00:00:00

Considered under suspension of the rules. (consideration: CR H4140-4141; text: CR H4140)

2026-06-23T00:00:00

Mr. Williams (TX) moved to suspend the rules and pass the bill.

2026-02-20T00:00:00

Placed on the Union Calendar, Calendar No. 426.

2026-02-20T00:00:00

Reported by the Committee on Small Business. H. Rept. 119-500.

2026-02-20T00:00:00

Reported by the Committee on Small Business. H. Rept. 119-500.

2026-02-11T00:00:00

Ordered to be Reported by the Yeas and Nays: 24 - 0.

2026-02-11T00:00:00

Committee Consideration and Mark-up Session Held

2026-02-05T00:00:00

Referred to the House Committee on Small Business.

2026-02-05T00:00:00

Introduced in House

2026-02-05T00:00:00

Introduced in House

Policy Areas

Commerce

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Small Business Lending Fraud Prevention Act

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