Bill

H.R. 7401 (119th): Small Business Lending Fraud Prevention Act

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.

house · Substantive

Rankings updated October 26, 2026, 11:44 AM ET · Votes through September 30, 2026
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Official source

Summary

Recorded summary

The bill requires Small Business Administration employees who take part in originating, reviewing, or approving SBA loans to certify in writing, before participating, that they have no conflict of interest with the loan. It also requires them to disclose any conflict that arises after certification and to acknowledge the conflict-of-interest rules that apply to them. The SBA must issue implementing regulations. Under current law, federal employees must already disclose financial conflicts and recuse themselves, with limited exceptions.

anti_corruptionconflict_of_interesteconomic_fairnessfraud_preventiongovernment_ethicsjusticesmall_business

Theological note: Scripture condemns partiality, bribery, and self-serving handling of public trust, and it calls rulers and officials to justice and honest weights. A measure that requires officials handling public loans to affirm and disclose conflicts of interest bears on the civil duty to restrain self-dealing and protect the public from fraud. The concern is modest and procedural, not a direct moral evil.

Scoring

How this bill is scored

Debt and war Cloture and Tier 1 Procedural votes Scoring mechanics

Roll

Recorded votes

Roll 225 · 24-Jun-2026 5:05 PM · On Motion to Suspend the Rules and Pass · Passed

Yea 415 · Nay 0 · Other 16

Yea

Nay

None recorded.

Other

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