Small Business Lending Fraud Prevention Act (SBA COI Certification)
Current understanding
HR 7401 (Small Business Lending Fraud Prevention Act) would require SBA employees involved in loan origination, review, or approval to certify in writing that they have no conflict of interest before participating in a loan action, and to disclose any conflict that arises afterward. The bill layers a written certification and ongoing disclosure duty on top of existing federal conflict-of-interest rules for SBA personnel. Status: introduced; no committee action reported.
Evidence log
- 2026-06-24 — Small Business Lending Fraud Prevention Act: cross-connection with sba-covid-fraud-assistance-bar: Both target integrity of SBA lending programs — one by barring COVID-relief fraudsters from future SBA assistance, the other by imposing written COI certification duties on SBA loan personnel. (novelty: 2)