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HR 7401
Passed House Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.

Small Business Lending Fraud Prevention Act

Introduced Feb 5, 2026

Latest action (Jul 13, 2026) Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Referred to
Small Business and Entrepreneurship Committee Small Business Committee
Policy area
Commerce
Issues
Economy & Taxes
Legislative subjects (4)
Administrative law and regulatory proceduresGovernment employee pay, benefits, personnel managementGovernment ethics and transparency, public corruptionSmall Business Administration

Summary

This bill requires Small Business Administration employees who participate in loan origination, review, or approval to certify in writing that they have no conflicts of interest under federal law regarding their involvement in those loans. Employees must certify this requirement 270 days after the bill is enacted. If an employee discovers a conflict of interest after submitting the certification, they must immediately disclose it to their supervisor and recuse themselves from the loan. The SBA Administrator must issue regulations implementing this requirement within 180 days of enactment.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
1 cosponsor

Actions (15)
  1. Jul 13, 2026 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. · senate
  2. Jun 24, 2026 Motion to reconsider laid on the table Agreed to without objection. · house
  3. Jun 24, 2026 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). · house
  4. Jun 24, 2026 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).
  5. Jun 24, 2026 Considered as unfinished business. (consideration: CR H4226-4227) · house
  6. Jun 23, 2026 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. · house
  7. Jun 23, 2026 DEBATE - The House proceeded with forty minutes of debate on H.R. 7401. · house
  8. Jun 23, 2026 Considered under suspension of the rules. (consideration: CR H4140-4141; text: CR H4140) · house
  9. Jun 23, 2026 Mr. Williams (TX) moved to suspend the rules and pass the bill. · house
  10. Feb 20, 2026 Placed on the Union Calendar, Calendar No. 426. · house
  11. Feb 20, 2026 Reported by the Committee on Small Business. H. Rept. 119-500. · house
  12. Feb 11, 2026 Ordered to be Reported by the Yeas and Nays: 24 - 0. · house
  13. Feb 11, 2026 Committee Consideration and Mark-up Session Held · house
  14. Feb 5, 2026 Referred to the House Committee on Small Business. · house
  15. Feb 5, 2026 Introduced in House

How your representatives voted

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Roll-call votes (1)

How the chamber voted on this bill — the outcome, the tally by party, and every member's recorded position. A factual record.

More bills on these subjects (8)

Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).

  • HR 9770 — Continuing Appropriations Act, 2027 (shares 3 subjects)
  • HR 7148 — Consolidated Appropriations Act, 2026 (shares 3 subjects)
  • HR 7006 — Financial Services and General Government and National Security, Department of State, and Related Programs Appropriations Act, 2026 (shares 3 subjects)
  • S 1071 — National Defense Authorization Act for Fiscal Year 2026 (shares 3 subjects)
  • HR 5371 — Continuing Appropriations, Agriculture, Legislative Branch, Military Construction and Veterans Affairs, and Extensions Act, 2026 (shares 3 subjects)
  • S 2296 — National Defense Authorization Act for Fiscal Year 2026 (shares 3 subjects)
  • S 2882 — Continuing Appropriations and Extensions and Other Matters Act, 2026 (shares 3 subjects)
  • HR 5450 — Continuing Appropriations and Extensions and Other Matters Act, 2026 (shares 3 subjects)

Text versions (4)
  • Referred in Senate · Jul 13, 2026
  • Engrossed in House · Jun 24, 2026
  • Reported in House · Feb 20, 2026
  • Introduced in House · Feb 5, 2026

Full text

AN ACT

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.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Small Business Lending Fraud Prevention Act”.

SEC. 2. SMALL BUSINESS ADMINISTRATION EMPLOYEE CONFLICT OF INTEREST CERTIFICATION.

(a) In General.—Beginning on the date that is 270 days after the date of the enactment of this Act, an employee of the Administration that will personally and substantially participate in the origination, review, or approval of a loan administered by the Administration shall, prior to such participation in such loan, certify to the Administrator in writing that such employee—

(1) to their knowledge, does not have any 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 such participation in such loan;

(2) upon learning of any such conflict of interest after submitting such certification, will immediately disclose such conflict of interest to the supervisor of such employee and recuse themselves from participating in such loan; and

(3) understands the requirements applicable to such employee under Federal law and regulations of the Administration regarding conflicts of interest with respect to such participation in such loan.

(b) Regulations.—Not later than 180 days after the date of enactment, the Administrator shall issue regulations implementing this Act.

(c) Definitions.—In this Act:

(1) Administration.—The term “Administration” means the Small Business Administration.

(2) Administrator.—The term “Administrator” means the Administrator of the Administration.

Passed the House of Representatives June 24, 2026.

Attest:

Clerk. 119th CONGRESS

2d Session

H. R. 7401

AN ACT

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.

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