{"format":1,"id":"119-hr-7401","congress":119,"number":"H.R. 7401","kind":"bill","group":"bills","title":"Small Business Lending Fraud Prevention Act","title_source":"Short Title(s) as Passed House","official_title":"To require employees of the Small Business Administration to certify that the employee does not have any prohibited conflicts of interest with respect to loans in which the employee is involved, and for other purposes.","titles":[{"type":"Official Title as Introduced","title":"To require employees of the Small Business Administration to certify that the employee does not have any prohibited conflicts of interest with respect to loans in which the employee is involved, and for other purposes."},{"type":"Short Titles from RFS (Referred to Senate) bill text","title":"Small Business Lending Fraud Prevention Act"},{"type":"Short Title(s) as Passed House","title":"Small Business Lending Fraud Prevention Act"},{"type":"Official Title from EH (Engrossed in House) bill text","title":"To require employees of the Small Business Administration to certify that the employee does not have any prohibited conflicts of interest with respect to loans in which the employee is involved, and for other purposes."},{"type":"Short Title(s) as Reported to House","title":"Small Business Lending Fraud Prevention Act"},{"type":"Display Title","title":"Small Business Lending Fraud Prevention Act"},{"type":"Short Title(s) as Introduced","title":"Small Business Lending Fraud Prevention Act"}],"outcome":"passed_house","law_number":null,"introduced":"2026-02-05","chambers":{"house":{"status":"roll_call","date":"2026-06-24","vote":{"id":"119-2026-h225","question":"On Motion to Suspend the Rules and Pass","title":"Small Business Lending Fraud Prevention Act","result":"Passed","yea":415,"nay":0,"present":1,"not_voting":15,"source":"https://clerk.house.gov/evs/2026/roll225.xml"}},"senate":{"status":"pending","date":null,"vote":null}},"president":{"status":"not_yet","date":null},"vice_president_tie_breaker":null,"latest_action":{"text":"Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.","date":"2026-07-13"},"nominees":null,"amendments":[],"other_votes":[],"crs_summary":{"date":"2026-02-20","stage":"Reported to House","blocks":[{"k":"h","t":"Small Business Lending Fraud Prevention Act"},{"k":"p","t":"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"},{"k":"li","t":"does not have any conflict of interest with respect to the loan,","d":1},{"k":"li","t":"will disclose any such conflict of interest arising after the certification is made, and","d":1},{"k":"li","t":"understands the requirements with respect to conflicts of interest applicable SBA employees.","d":1},{"k":"p","t":"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)."},{"k":"p","t":"The SBA must issue regulations implementing the requirements of this bill."}],"words":118},"summary":{"main_subject":{"text":"Requires Small Business Administration employees who take part in originating, reviewing, or approving an SBA-administered loan to certify in writing, before taking part, that they have no prohibited conflict of interest in that loan.","cites":[{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/7401/text/eh#H68A633E405C54496A0BC678560123C30"}]},"core_areas":["Conflict of interest certification for Small Business Administration loan employees"],"what_it_does":[{"text":"Requires an SBA employee who will personally and substantially participate in the origination, review, or approval of an SBA-administered loan to certify in writing to the Administrator before participating in that loan.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/7401/text/eh#H68A633E405C54496A0BC678560123C30"}},{"text":"Requires the employee to certify that, to their knowledge, they have no conflict of interest prohibited under section 208 of title 18, United States Code, or section 2635.502 of title 5, Code of Federal Regulations, with respect to that loan.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/7401/text/eh#H68A633E405C54496A0BC678560123C30"}},{"text":"Requires the employee to certify that, on learning of such a conflict after certifying, they will immediately disclose it to their supervisor and recuse themselves from participating in the loan.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/7401/text/eh#H68A633E405C54496A0BC678560123C30"}},{"text":"Requires the employee to certify that they understand the requirements that apply to them under Federal law and SBA regulations on conflicts of interest for that loan.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/7401/text/eh#H68A633E405C54496A0BC678560123C30"}},{"text":"Begins the certification requirement 270 days after the date of enactment.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/7401/text/eh#H68A633E405C54496A0BC678560123C30"}},{"text":"Requires the Administrator to issue regulations implementing the Act not later than 180 days after the date of enactment.","cite":{"label":"Sec. 2","href":"https://www.congress.gov/bill/119th-congress/house-bill/7401/text/eh#H68A633E405C54496A0BC678560123C30"}}],"unexpected":[],"version":{"type":"Engrossed in House","date":"2026-06-24","rule":"passed","href":"https://www.congress.gov/bill/119th-congress/house-bill/7401/text/eh"},"current":true,"model":"claude-sonnet-5-5","approved":"2026-10-01","approved_by":"desk"},"sources":{"congress_gov":"https://www.congress.gov/bill/119th-congress/house-bill/7401","text":"https://www.congress.gov/bill/119th-congress/house-bill/7401/text"},"card":{"image":"card/item/119-hr-7401.png","v":"52c24663a611","alt":"Votes on Record. H.R. 7401, 119th Congress: Small Business Lending Fraud Prevention Act. House: 415 Yea, 0 Nay. Senate: not yet considered. Outcome: Passed House, 24 Jun 2026."}}