Assisting Small Businesses Not Fraudsters Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1047 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1047 To prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 13, 2025 Mr. Young introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship _______________________________________________________________________ A BILL To prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Assisting Small Businesses Not Fraudsters Act''. SEC. 2. ASSISTANCE PROHIBITED AFTER FRAUD CONVICTION. (a) In General.--Section 16 of the Small Business Act (15 U.S.C. 645) is amended by adding at the end the following new…