Assisting Small Businesses Not Fraudsters Act
Latest action (Feb 25, 2025) — Received in the Senate and Read twice and on Small Business and Entrepreneurship.
What it does
Congressional Research Service, Jan 28, 2025This bill prohibits individuals convicted of certain financial crimes from receiving assistance from the Small Business Administration (SBA).
Specifically, the bill prohibits individuals who have been convicted of a crime involving financial misconduct or a false statement with respect to certain COVID-19 loans (e.g., Paycheck Protection Program loans, Restaurant Revitalization Fund grants, and Shuttered Venue Operators grants) from receiving any financial assistance from the SBA (other than a disaster loan).
The prohibition includes SBA assistance to small businesses that have an owner, officer, director, or key employee who has been convicted of such a crime.
Face Value
as passed the HouseHow much of this bill its name accounts for.
- Every bill starts at100
- Nothing counted against it: one area of law, and short enough that length doesn't register.
Face Value measures reach, not honesty. A big bill can be accurately named, and a low score is not an accusation — it means the contents reach further than any short title could describe. Count it yourself ↗ How this is worked out
What Congress did
1 recordedOn decisive vote
House · Feb 24, 2025
A fast-track vote: no amendments, short debate, and two thirds needed to pass. Used for bills expected to be uncontroversial.
Discussion
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