Small Business Lending Fraud Prevention Act (H.R. 7401)
Referred to CommitteeLatest Action
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
7/13/2026 • Senate
Summary
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.
Reported to House • 2/20/2026
Topics & Subjects
CBO Cost Estimates (1)
Related Federal Spending
Sponsor & Cosponsors (2)
Party Breakdown
Sponsor
Cosponsors (1)
Bill Journey
Originated in the House
Introduced
February 5, 2026
Committee Review
February 11, 2026
Ordered to be Reported by the Yeas and Nays: 24 - 0.
Floor Debate
June 23, 2026
Passed Chamber
June 24, 2026
Other Chamber
President
Enacted into Law
Text Versions (4)
Committee Reports (1)
Committees
Details
Sources and method
· Congress.gov, CRS, House Clerk, CBO, USAspending, FEC, LDA · Record updated Sep 8, 2026
- Congress.govLibrary of CongressStatus, actions, sponsors, cosponsors, committees and textRecord updated Sep 8, 2026 · Loaded Oct 29, 2026, 10:41 PM ET
- CRS bill summaryCongressional Research Service, via Congress.govOfficial summarySummary of the “Reported to House” version, Feb 20, 2026 · Loaded Oct 29, 2026, 10:41 PM ET
- House roll-call votesOffice of the Clerk, U.S. House of RepresentativesRoll-call results on this billLatest roll call Jun 24, 2026 · Loaded Oct 29, 2026, 10:41 PM ET
- CBO cost estimatesCongressional Budget OfficeCost estimatesLatest estimate Apr 14, 2026 · Loaded Oct 29, 2026, 10:41 PM ET
- USAspending.govU.S. Department of the TreasuryRelated Federal Spending section
- FEC filingsFederal Election CommissionFunding & Lobbying section
- Lobbying disclosures (LDA)Secretary of the Senate and Clerk of the HouseFunding & Lobbying section
All sources: Public domain (17 U.S.C. § 105) · Method: Data sources → · Campaign finance →
AI-written text on this page is labeled where it appears. It is written from the sources above and is not a source itself. How we analyze data →
Dates shown where the source reports one. “Loaded” is when CIV.IQ last fetched the record.