To prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes.

Bill: 118-hr-5427
Sponsor: Rep. Williams, Roger [R-TX-25]
Introduced: 2023-09-13 in the House
Policy area: Commerce
Subjects: Credit and credit markets
Criminal investigation, prosecution, interrogation
Fraud offenses and financial crimes
Government lending and loan guarantees
Small business

Summary:
action_date: 2023-09-13
text: 
This 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.

action_date: 2023-09-26
text: 
This 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.

action_date: 2023-11-28
text: 
This 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.


Legislative actions:
action_date: 2023-11-29
text: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
action_date: 2023-11-28
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2023-11-28
text: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H5917)
action_date: 2023-11-28
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H5917)
action_date: 2023-11-28
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 5427.
action_date: 2023-11-28
text: Considered under suspension of the rules. (consideration: CR H5917-5919)
action_date: 2023-11-28
text: Mr. Williams (TX) moved to suspend the rules and pass the bill.
action_date: 2023-09-26
text: Placed on the Union Calendar, Calendar No. 178.
action_date: 2023-09-26
text: Reported by the Committee on Small Business. H. Rept. 118-219.
action_date: 2023-09-26
text: Reported by the Committee on Small Business. H. Rept. 118-219.
action_date: 2023-09-14
text: Ordered to be Reported by the Yeas and Nays: 22 - 0.
action_date: 2023-09-14
text: Committee Consideration and Mark-up Session Held
action_date: 2023-09-13
text: Referred to the House Committee on Small Business.
action_date: 2023-09-13
text: Introduced in House
action_date: 2023-09-13
text: Introduced in House