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LEGISLATION/H.R. 7401

Small Business Lending Fraud Prevention Act

119-HR-7401119th CongressIntroduced Feb 5, 2026Commerce
Market Probability
No market
Status
Introduced
Committee
Floor Vote
Other Chamber
Signed
Motion to reconsider laid on the table Agreed to without objection.

Sponsor

Rep. Meuser, Daniel [R-PA-9](R-PA-9)
1 cosponsor

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.

Subjects

Administrative law and regulatory proceduresGovernment employee pay, benefits, personnel managementGovernment ethics and transparency, public corruptionSmall Business Administration

Actions (16)

Motion to reconsider laid on the table Agreed to without objection.
Jun 24, 2026House floor actions
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 415 - 0, 1 Present (Roll no. 225).
Jun 24, 2026House floor actionsRECORDED VOTE
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 415 - 0, 1 Present (Roll no. 225).
Jun 24, 2026Library of CongressRECORDED VOTE
Considered as unfinished business. (consideration: CR H4226-4227)
Jun 24, 2026House floor actions
At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Williams (TX) objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was considered as withdrawn.
Jun 23, 2026House floor actions
DEBATE - The House proceeded with forty minutes of debate on H.R. 7401.
Jun 23, 2026House floor actions
Considered under suspension of the rules. (consideration: CR H4140-4141; text: CR H4140)
Jun 23, 2026House floor actions
Mr. Williams (TX) moved to suspend the rules and pass the bill.
Jun 23, 2026House floor actions
Placed on the Union Calendar, Calendar No. 426.
Feb 20, 2026House floor actions
Reported by the Committee on Small Business. H. Rept. 119-500.
Feb 20, 2026House floor actions
Reported by the Committee on Small Business. H. Rept. 119-500.
Feb 20, 2026Library of Congress
Ordered to be Reported by the Yeas and Nays: 24 - 0.
Feb 11, 2026House committee actions
Committee Consideration and Mark-up Session Held
Feb 11, 2026House committee actions
Referred to the House Committee on Small Business.
Feb 5, 2026House floor actions
Introduced in House
Feb 5, 2026Library of Congress
Introduced in House
Feb 5, 2026Library of Congress