H.R. 7401: Small Business Lending Fraud Prevention Act
A House bill (H.R.) in the 119th U.S. Congress.
Overview
| Congress | 119th U.S. Congress (2025–2026) |
|---|---|
| Type | House bill (H.R.) |
| Originating chamber | House |
| Introduced | 2026-02-05 |
| Sponsor | Rep. Meuser, Daniel [R-PA-9] |
| Policy area | Commerce |
| Cosponsors | 1 |
| Latest action | 2026-07-13 — Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. |
| Last updated | 2026-07-15 |
Summary
Official summary (Reported to House, 2026-02-20):
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.
Cosponsors (1)
| Name | Party / state |
|---|---|
| Maggie Goodlander | D NH (original cosponsor) 2026-02-05 |
Full text & official record
The official bill text, section-by-section summary, amendments, committee reports, and the complete legislative timeline for H.R. 7401 are published by Congress on congress.gov.
View H.R. 7401 on congress.gov →
Frequently asked questions
What is H.R. 7401?
H.R. 7401 is a House bill (H.R.) introduced in the 119th U.S. Congress, originating in the House. Official title: Small Business Lending Fraud Prevention Act.
Where can I read the full bill text?
The full text, cosponsors, amendments, and legislative status for H.R. 7401 are available on congress.gov.
Bill data: congress.gov API (official congressional records).