Assisting Small Businesses Not Fraudsters Act

This bill stops people who were convicted of financial crimes related to certain COVID-19 business programs from getting help from the Small Business Administration. If someone was convicted of lying or other financial misconduct involving programs like Paycheck Protection Program loans or Restaurant Revitalization Fund grants, they cannot receive SBA assistance. Small businesses also cannot get SBA help if their owner, officer, director, or key employee was convicted of these crimes. The only exception is that these people can still get disaster loans from the SBA.

Your Vote