H.R. 7401 (Report No. 119–500): Employees of the Small Business Administration, Prohibited Conflicts
Summary
This is the reported version of H.R. 7401, Report No. 119-500, introduced on February 5, 2026 by Mr. Meuser for himself and Ms. Goodlander, and on February 20, 2026 committed to the Committee of the Whole House on the State of the Union as Union Calendar No. 426. The bill would require Small Business Administration employees who will personally and substantially take part in originating, reviewing or approving a loan to certify in writing, beginning 270 days after enactment, that they have no conflict of interest barred by section 208 of title 18 or section 2635.502 of title 5 of the Code of Federal Regulations. Employees would have to disclose later conflicts to a supervisor and recuse themselves from the loan.
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- Bill
- Date
- 2026-06-24
Cite this document
“H.R. 7401 (Report No. 119–500): Employees of the Small Business Administration, Prohibited Conflicts.”
Dated 2026-06-24. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2026-06-24-407466-2026-06-24-committee-on-small-business-celebrates-two-committ-att0/
, SHA-256 5c1798df4a85c1677e6ff233948850fed8562aea97ac1aefb5d83e323806d8e1.Full text
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Union Calendar No. 426
119TH CONGRESS
2D SESSION
H. R. 7401
[Report No. 119–500]
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 pur-
poses.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 5, 2026
Mr. MEUSER (for himself and Ms. GOODLANDER) introduced the following bill;
which was referred to the Committee on Small Business
FEBRUARY 20, 2026
Committed to the Committee of the Whole House on the State of the Union
and ordered to be printed
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A BILL
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.
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1 Be it enacted by the Senate and House of Representa-
2 tives of the United States of America in Congress assembled,
3 SECTION 1. SHORT TITLE.
4 This Act may be cited as the ‘‘Small Business Lend-
5 ing Fraud Prevention Act’’.
6 SEC. 2. SMALL BUSINESS ADMINISTRATION EMPLOYEE
7 CONFLICT OF INTEREST CERTIFICATION.
8 (a) IN GENERAL.—Beginning on the date that is 270
9 days after the date of the enactment of this Act, an em-
10 ployee of the Administration that will personally and sub-
11 stantially participate in the origination, review, or ap-
12 proval of a loan administered by the Administration shall,
13 prior to such participation in such loan, certify to the Ad-
14 ministrator in writing that such employee—
15 (1) to their knowledge, does not have any con-
16 flict of interest prohibited under section 208 of title
17 18, United States Code, or section 2635.502 of title
18 5, Code of Federal Regulations, with respect to such
19 participation in such loan;
20 (2) upon learning of any such conflict of inter-
21 est after submitting such certification, will imme-
22 diately disclose such conflict of interest to the super-
23 visor of such employee and recuse themselves from
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24 participating in such loan; and
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1 (3) understands the requirements applicable to
2 such employee under Federal law and regulations of
3 the Administration regarding conflicts of interest
4 with respect to such participation in such loan.
5 (b) REGULATIONS.—Not later than 180 days after
6 the date of enactment, the Administrator shall issue regu-
7 lations implementing this Act.
8 (c) DEFINITIONS.—In this Act:
9 (1) ADMINISTRATION.—The term ‘‘Administra-
10 tion’’ means the Small Business Administration.
11 (2) ADMINISTRATOR.—The term ‘‘Adminis-
12 trator’’ means the Administrator of the Administra-
13 tion.
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Union Calendar No. 426
119TH CONGRESS
2D SESSION H. R. 7401
[Report No. 119–500]
H7401
A BILL
E:\BILLS\H7401.RH
To require employees of the Small Business Admin-
istration to certify that the employee does not
have any prohibited conflicts of interest with re-
spect to loans in which the employee is involved,
and for other purposes.
Sfmt 6651
FEBRUARY 20, 2026
Fmt 6651
Committed to the Committee of the Whole House on the
State of the Union and ordered to be printed
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PO 00000
Jkt 069200
19:01 Feb 20, 2026
VerDate Sep 11 2014
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