HR 7401
Passed a chamber
Requires Small Business Administration employees who work on loans to certify in writing that they have no prohibited conflicts of interest in those loans, and to disclose and step back from any conflict they later discover.
Official title: Small Business Lending Fraud Prevention Act
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
05-FEB-2026
Referred
05-FEB-2026
Approved by committee
11-FEB-2026
Reported
20-FEB-2026
On the calendar
20-FEB-2026
Passed
24-JUN-2026
Senate
Received
13-JUL-2026
- Starting 270 days after enactment, SBA employees who originate, review, or approve a loan must certify in writing, before participating, that they have no conflict of interest prohibited under federal ethics rules.
- An employee who learns of a conflict after certifying must disclose it to their supervisor and recuse themselves from the loan.
- The SBA Administrator must issue implementing regulations within 180 days after enactment.
Covers an older version. The newest CRS summary describes the bill as of "Reported to House" (20-FEB-2026); the text has changed since (Engrossed in House, 24-JUN-2026).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov- Small Business Committee (House)
- Small Business and Entrepreneurship Committee (Senate)
Commerce
■ 1 D
1 Democrat