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S1047Reported by Committee

Assisting Small Businesses Not Fraudsters Act

Share:
Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2025-03-13
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Todd Young
Todd Young
Republican · IN · Senator
Votes with party: 34.4% (323 recorded votes)

Full profile: /officials/Y000064

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

  • Joni Ernst (R-IA)· 2025-03-27

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Placed on Senate Legislative Calendar under General Orders. Calendar No. 36.

2025-04-01

Source: Congress.gov

Committee Activity

Currently in

  • Senate Committee on Small Business and EntrepreneurshipReported By · 2025-04-01

Previously

  • Small Business and Entrepreneurship CommitteeReported By · 2025-04-01
  • Small Business and Entrepreneurship CommitteeMarkup By · 2025-03-27
  • Senate Committee on Small Business and EntrepreneurshipMarkup By · 2025-03-27
  • Small Business and Entrepreneurship CommitteeReferred To · 2025-03-13
  • Senate Committee on Small Business and EntrepreneurshipReferred To · 2025-03-13

Plain-English Summary

This bill would help small businesses access federal loans and support programs by making it harder for fraudsters to steal these resources through false applications. The measure likely tightens verification requirements and penalties for people who commit fraud when applying for small business assistance, protecting legitimate entrepreneurs and taxpayers from losing funding to scams.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Subjects

Commerce
Full bill text is not yet cached locally.
Open text viewRead on Congress.gov

Related legislation

Bills by the same sponsor or covering overlapping subjects.

  • S4657A bill to amend the Internal Revenue Code of 1986 to repeal the excise tax on heavy trucks and trailers, and for other purposes.
    Referred to Committee · 2026-06-02
  • S4653A bill to amend the Internal Revenue Code of 1986 to allow a deduction for loan interest payments made with respect to certain vehicles.
    Referred to Committee · 2026-06-02
  • S4629A bill to prohibit the provision of Federal funds to State and local governments and school districts for payment of obligations, to prohibit the Federal Reserve banks, the Department of the Treasury, and other Federal agencies from financially assisting State and local governments and school districts that have defaulted on their obligations, and for other purposes.
    Referred to Committee · 2026-05-21
  • S4539Protecting Charitable Giving Act
    Referred to Committee · 2026-05-14