HR 7401
Small Business Lending Fraud Prevention Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 1:24 AM
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- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
```json { "summary": "This bill, the Small Business Lending Fraud Prevention Act, aims to reduce fraud and conflicts of interest in loans provided by the Small Business Administration (SBA). It requires SBA employees involved in loan origination, review, or approval to certify they don’t have prohibited conflicts of interest and to immediately disclose any conflicts they discover. The bill also mandates the SBA to create regulations to further clarify these requirements and ensure transparency in the lending process.", "keyProvisions": [ "SBA employees involved in loans must certify they have no conflicts of interest.", "Employees must disclose any conflicts of interest immediately upon discovery.", "Employees must recuse themselves from loans where a conflict exists.",
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