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No Government Aid for Businesses Involved in Fraud

New rules aim to prevent individuals convicted of financial fraud against the government from receiving Small Business Administration assistance. This means businesses with such individuals as key employees or owners will also be ineligible for aid, protecting public funds.
Key points
Individuals convicted of financial misconduct or false statements related to government loans or grants will be barred from receiving Small Business Administration assistance.
Businesses with associates (officers, directors, owners of over 20%, or key employees) who have such convictions will also be ineligible for aid.
The rules apply to specific COVID-19 related loans and grants, as well as other covered financial assistance.
These changes do not affect contracts or agreements made before the law's enactment.
article Official text account_balance Process page
VOTING RESULTS
2025-02-24
100%
For 405
Against 0
Abstain 0
Full voting results open_in_new
Passed House
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_825
Sponsor: Rep. Williams, Roger [R-TX-25]
Process start date: 2025-01-28
Voting date: 2025-02-24
Meeting no: 1
Voting no: 43
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Assisting Small Businesses Not Fraudsters Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_825.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-01-28.

What are the main provisions?

Key points include:

  • Individuals convicted of financial misconduct or false statements related to government loans or grants will be barred from receiving Small Business Administration assistance.
  • Businesses with associates (officers, directors, owners of over 20%, or key employees) who have such convictions will also be ineligible for aid.
  • The rules apply to specific COVID-19 related loans and grants, as well as other covered financial assistance.
  • These changes do not affect contracts or agreements made before the law's enactment.
What is the specific legal status?

The current status is Passed House.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Williams, Roger [R-TX-25].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 405 - 0 (Roll no. 43). (text: CR H737)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Economy Courts and Law