Small Business Lending Fraud Prevention Act

Hozzl · 2026-03-05T22:06:19Z

Explore the details of House Bill 7401 Small Business Lending Fraud Prevention Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

3/5/2026, 10:06 PM

Summary of Bill HR 7401

The bill "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" was introduced in the 119th Congress as H.R. 7401 on February 5, 2026.

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Current Status of Bill HR 7401

Bill HR 7401 is currently in the status of Bill Introduced since February 5, 2026. Bill HR 7401 was introduced during Congress 119 and was introduced to the House on February 5, 2026. Bill HR 7401's most recent activity was Placed on the Union Calendar, Calendar No. 426. as of February 20, 2026

Bipartisan Support of Bill HR 7401

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 7401

Primary Policy Focus

Commerce

Alternate Title(s) of Bill HR 7401

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.

Comments

Declan Bowden

653

26 days ago

I support this bill, it will help stop bad stuff.

Mikayla Creech

584

3 hours ago

So glad they finally passed this bill to crack down on small business lending fraud! About time they did something about it. But I wonder, what will the long term effects be on our economy? #HR7401 #SmallBusinessFraudPreventionAct