H.R. 7401 Passed the House Commerce

Small Business Lending Fraud Prevention 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.

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Became law
Sponsor Rep. Meuser, Daniel [R-PA-9] Introduced February 5, 2026 Cosponsors 1 (1 D) Latest action July 13, 2026

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.

Summary by the Congressional Research Service, Library of Congress.

Congress.gov

Roll-call votes

Actions

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 The point of no quorum was considered as withdrawn.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

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