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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.

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

A “Nay” vote

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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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Officials and money

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

Money: CBO cost estimate: H.R. 7401, Small Business Lending Fraud Prevention Act (2026-04-14) No linked contracts or vendors yet.

Recorded votes

Words on this page, explained (1)
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).

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