S 1047
Assisting Small Businesses Not Fraudsters Act
Jurisdiction
US Congress
Session
119th Congress (2025-2026)
Last updated at
Jun 14, 2026, 7:54 AM
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill, the Assisting Small Businesses Not Fraudsters Act, aims to prevent individuals convicted of defrauding the government from receiving financial assistance from the Small Business Administration (SBA). Specifically, it prohibits both individuals and businesses with associates convicted of financial misconduct or false statements related to loans or grants from accessing SBA funds. The bill clarifies definitions related to ‘associate,’ ‘covered loan or grant,’ and ‘finally convicted’ to ensure consistent application of the prohibition.
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