HR 5427 · 118th Congress · Commerce
To prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes.
Bill Progress
✓
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.(2023-11-29)
Plain Language Summary
[AI summary unavailable — showing source text]
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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 5427, a bill to prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes
Nov 21, 2023As reported by the House Committee on Small Business on September 26, 2023
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office