Skip to content

Small Business Lending Fraud Prevention Act

Passed first chamber: it can still change before the session ends.

US HR 7401 · House Bill · 119th Congress

Stage
Passed first chamber
Started in
House
Sponsors
Latest action
Jul 13, 2026

What it does

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.

Official summary · Reported to House · Feb 20, 2026

Titles and provisions can change as the bill moves.

Read the full textRead it on the official site

Where it stands

  1. Introduced (Done)

    Feb 5, 2026

  2. Committee (Done)

  3. Floor (Current step)

    Passed first chamber · Jul 13, 2026

  4. Law (Not started)

What moved

Loading recorded actions…

Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

Reporting that may mention this subject. Possible matches are labeled.

Loading coverage…

Where it goes next

While a bill can still move, the questions are about people and money.

Work with this bill

Small Business Lending Fraud Prevention Act | 52