Assisting Small Businesses Not Fraudsters Act

Bill 119 s 1047, also known as the "Prohibition of Government Fraudsters from Small Business Administration Assistance Act," aims to prevent individuals who have been convicted of defrauding the government from receiving any assistance from the Small Business Administration (SBA). The bill seeks to ensure that taxpayer funds are not used to support individuals who have engaged in fraudulent activities against the government.

If passed, this legislation would prohibit individuals who have been convicted of defrauding the government from receiving any loans, grants, or other forms of assistance from the SBA. This would help to protect the integrity of the SBA's programs and ensure that funds are directed towards legitimate small businesses in need of support.

In addition to prohibiting assistance to individuals convicted of government fraud, the bill also includes provisions for other purposes. While the specific details of these provisions are not outlined in the summary, it is clear that the primary focus of the bill is to prevent individuals with a history of defrauding the government from benefiting from SBA assistance. Overall, Bill 119 s 1047 is a targeted piece of legislation aimed at safeguarding taxpayer funds and ensuring that the SBA's resources are used to support honest and deserving small businesses. If passed, this bill would help to uphold the integrity of government assistance programs and protect against fraud and abuse.