S1199Passed Senate

SBA Fraud Enforcement Extension Act

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Introduced
In Committee
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-03-27
Introduced
0
Cosponsors
S
Type

Latest Action

Passed Senate with an amendment by Unanimous Consent. (text of amendment in the nature of a substitute: CR S2108)

2026-04-29

Bill Summary

This bill extends the Small Business Administration's authority to investigate and prosecute fraud cases involving small business loans and assistance programs, helping prevent misuse of federal funds meant to support entrepreneurs. The measure affects both the SBA's enforcement capabilities and small business owners by strengthening oversight of loan programs like those used during economic crises. By giving the SBA more time and resources to pursue fraudsters, the bill aims to protect legitimate small business owners and taxpayers from losses due to dishonest borrowers.

Subjects

Commerce
Read the full bill text