H.R. 7401: Small Business Lending Fraud Prevention Act
Sponsor
Daniel Meuser
Republican · PA-9
What H.R. 7401 does
H.R. 7401 would require Small Business Administration employees who help start, review or approve SBA loans to certify in writing, before they take part, that they have no conflict of interest in the loan. They would also certify that they will disclose any conflict that arises later and that they understand the conflict-of-interest rules that apply to them.
Federal employees already must disclose financial conflicts on a particular matter and step away from it, with limited exceptions. The SBA would have to issue regulations to carry out the bill.
How the House voted
Passed · June 24, 2026On Motion to Suspend the Rules and Pass: H R 7401 Small Business Lending Fraud Prevention Act · Roll no. 225 · Official record
HR7401 Legislative Journey
Committee Action
Jul 13, 2026
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
House: Vote: 415-0
Jun 24, 2026
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 415 - 0, 1 Present (Roll no. 225).
House: Floor Debate
Jun 23, 2026
At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Williams (TX) objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was considered as withdrawn.
House: Committee Action
Feb 20, 2026
Reported by the Committee on Small Business. H. Rept. 119-500.
House: Vote: 24-0
Feb 11, 2026
Ordered to be Reported by the Yeas and Nays: 24 - 0.
House: Committee Action
Feb 5, 2026
Referred to the House Committee on Small Business.
About the Sponsor
Daniel Meuser
Republican, Pennsylvania's 9th congressional district · 7 years in Congress
Committees: Small Business, Financial Services
View full profile →
Cosponsors (1)
This bill has 1 cosponsor: 1 Democrat. Cosponsors represent 1 state: New Hampshire.
Committee Sponsors
Small Business and Entrepreneurship Committee
0 of 18 committee members cosponsored
No committee members have cosponsored this bill
Small Business Committee
1 of 26 committee members cosponsored
23 Republicans across these committees haven't cosponsored yet. Mobilize their constituents
H.R. 7401 Quick Facts
- Committee
- Small Business and Entrepreneurship
- Chamber
- House
- Policy
- Commerce
- Introduced
- Feb 5, 2026
Passed the House, received in Senate
Jul 13, 2026
H.R. 7401 Bill Text
“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.”
Source: U.S. Government Publishing Office
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