H.R. 7401

Summary

H.R. 7401, the Small Business Lending Fraud Prevention Act, was introduced in the House on Feb 5, 2026 by Rep. Dan Meuser (R) with 1 co-sponsor. It was referred to Small Business And Entrepreneurship, and last saw action on Jul 13, 2026: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Record

Text

H.R. 7401 has 1 co-sponsor and 1 roll call.

119 HR 7401 EH: Small Business Lending Fraud Prevention Act
 U.S. House of Representatives
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 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
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 119th CONGRESS  2d Session
 H. R. 7401
 IN THE HOUSE OF REPRESENTATIVES
 AN ACT
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.
1.
Short title
This Act may be cited as the   Small Business Lending Fraud Prevention Act  .
2.
Small Business Administration employee conflict of interest certification
(a)
In general
Beginning on the date that is 270 days after the date of the enactment of this Act, an employee of the Administration that will personally and substantially participate in the origination, review, or approval of a loan administered by the Administration shall, prior to such participation in such loan, certify to the Administrator in writing that such employee—
(1)
to their knowledge, does not have any conflict of interest prohibited under section 208 of title 18, United States Code, or section 2635.502 of title 5, Code of Federal Regulations, with respect to such participation in such loan;
(2)
upon learning of any such conflict of interest after submitting such certification, will immediately disclose such conflict of interest to the supervisor of such employee and recuse themselves from participating in such loan; and
(3)
understands the requirements applicable to such employee under Federal law and regulations of the Administration regarding conflicts of interest with respect to such participation in such loan.
(b)
Regulations
Not later than 180 days after the date of enactment, the Administrator shall issue regulations implementing this Act.
(c)
Definitions
In this Act:
(1)
Administration
The term  Administration  means the Small Business Administration.
(2)
Administrator
The term  Administrator  means the Administrator of the Administration.
     Passed the House of Representatives June 24, 2026.  Kevin F. McCumber,  Clerk.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Sponsors

Rep. Dan Meuser (R) sponsors H.R. 7401, and 1 member has co-sponsored it from the day it was introduced.

Dan Meuser

Rep. · R–PA-9 · Sponsor

Introduced Feb 5, 2026

Maggie Goodlander

Rep. · D–NH-2 · Co-sponsor

Joined Feb 5, 2026 · Original

Show 2 of 2 rows

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Committees

H.R. 7401 went before 2 committees: Small Business and Entrepreneurship and Small Business.

Small Business and Entrepreneurship

Small Business and Entrepreneurship

Referred To · Jul 13, 2026 · 80 Bills

Small Business

Small Business

Reported By · Feb 20, 2026 · 81 Bills

Reports

1 committee report has been filed on H.R. 7401, the latest H. Rept. 119-500.

• H. Rept. 119-500 — SMALL BUSINESS LENDING FRAUD PREVENTION ACT

Actions

H.R. 7401 has taken 15 actions since Feb 5, 2026, the latest on Jul 13, 2026.

Votes

H.R. 7401 went to 1 roll call in the House, the latest on Jun 24, 2026 at 415–0.

Titles

H.R. 7401 goes by 7 titles, 4 of them short titles.

• Small Business Lending Fraud Prevention Act — Short Titles from RFS (Referred to Senate) bill text
• Small Business Lending Fraud Prevention Act — Short Title(s) as Passed House
• 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. — Official Titles from EH (Engrossed in House) bill text
• Small Business Lending Fraud Prevention Act — Short Title(s) as Reported to House
• Small Business Lending Fraud Prevention Act — Display Title
• Small Business Lending Fraud Prevention Act — Short Title(s) as Introduced
• 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. — Official Title as Introduced

Cost estimate

The Congressional Budget Office has filed 1 estimate for H.R. 7401, the latest on Apr 14, 2026.

• H.R. 7401, Small Business Lending Fraud Prevention Act — 2026-04-14As reported by the House Committee on Small Business on February 20, 2026

Classification

The Congressional Research Service files H.R. 7401 under Commerce, one of its 31 policy areas, and gives it 4 legislative subjects.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 7401’s is Commerce.

Legislative Subjects

H.R. 7401 carries 4 of CRS’s legislative subjects, from Administrative law and regulatory procedures to Small Business Administration.

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 7401, as entered in the Congressional Record.

[Congressional Record Volume 172, Number 26 (Thursday, February 5, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MEUSER:H.R. 7401.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8[Page H2041]

Source: congress.gov · legiscan.com