To prohibit certain business concerns from receiving assistance from the Small Business Administration, and for other purposes.

Referred to the House Committee on Small Business.

Bill 119 HR 1081, also known as the "Small Business Administration Prohibition Act," aims to prevent certain types of businesses from receiving assistance from the Small Business Administration (SBA). The bill is designed to ensure that taxpayer-funded resources are not being used to support businesses that may not truly qualify as small businesses or that may engage in unethical or illegal practices.

The bill outlines specific criteria that businesses must meet in order to be eligible for SBA assistance. These criteria include factors such as the size of the business, the nature of the business's operations, and the business's compliance with federal regulations. Businesses that do not meet these criteria would be prohibited from receiving SBA assistance.

In addition to prohibiting certain businesses from receiving SBA assistance, the bill also includes provisions for increased oversight and accountability within the SBA. This includes requirements for the SBA to regularly report on the businesses that receive assistance and to ensure that taxpayer funds are being used appropriately. Overall, Bill 119 HR 1081 aims to ensure that the SBA is supporting legitimate small businesses that contribute to the economy in a positive way, while also preventing taxpayer funds from being misused or supporting businesses that may not truly qualify for assistance.