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H.R. 7401: Small Business Lending Fraud Prevention Act

119th Congress · introduced 2026-02-05 · Commerce · Latest: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

federal

What does this mean?

Official title

Small Business Lending Fraud Prevention Act

Plain 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.

Congressional Research Service summary (Reported to House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Small Business Lending Fraud Prevention Act

Source: Congressional Research Service summary (Reported to House)

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The strongest published arguments

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Alternatives

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Officials and money

Sponsor: Rep. Meuser, Daniel [R-PA-9] · 1 cosponsors

Cost estimate: CBO cost estimate: H.R. 7401, Small Business Lending Fraud Prevention Act (2026-04-14)

Cosponsors on this site

Maggie Goodlander (D-NH)

Sponsor's campaign money: Rep. Meuser, Daniel [R-PA-9] reported raising $2.1 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Recorded votes

Words on this page, explained (3)
Authorization
A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Rulemaking
The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong119-hr7401 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills