Assisting Small Businesses Not Fraudsters Act
On calendar: it can still change before the session ends.
- Stage
- On calendar
- Started in
- Senate
- Sponsors
- 3
- Latest action
- Apr 1, 2025
What it does
The Assisting Small Businesses Not Fraudsters Act would prohibit individuals convicted of fraud related to government loans or grants from receiving financial assistance from the Small Business Administration (SBA), and would also bar any small business that employs or is associated with such individuals from receiving SBA financial assistance—except for certain disaster loans under section 7(b). The bill defines “associate” broadly to include officers, directors, major owners, key employees, and entities they control, and applies only to convictions that are final and no longer subject to appeal. It does not affect contracts or agreements already in place before the bill’s enactment.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.