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Home > Legislation > 118th Congress > H.R.5427

H.R.5427 - To prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes. 118th Congress (2023-2024) |

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Sponsor: Rep. Williams, Roger [R-TX-25] (Introduced 09/13/2023)
Committees: House - Small Business | Senate - Small Business and Entrepreneurship
Committee Meetings: 09/14/23 9:45AM
Committee Reports: H. Rept. 118-219
Latest Action: Senate - 11/29/2023 Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.  (All Actions)
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This bill has the status Passed House

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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Summary: H.R.5427 — 118th Congress (2023-2024) All Information (Except Text)

Bill summaries are authored by CRS.

Shown Here:
Passed House (11/28/2023)

This bill prohibits individuals convicted of certain financial crimes from receiving assistance from the Small Business Administration (SBA).

Specifically, the bill prohibits individuals who have been convicted of a crime involving financial misconduct or a false statement with respect to certain COVID-19 loans (e.g., Paycheck Protection Program loans, Restaurant Revitalization Fund grants, and Shuttered Venue Operators grants) from receiving any financial assistance from the SBA (other than a disaster loan).

The prohibition includes SBA assistance to small businesses that have an owner, officer, director, or key employee who has been convicted of such a crime.