S1199Passed Senate
SBA Fraud Enforcement Extension Act
Introduced
In Committee
Passed One Chamber
4
Passed Both5
Signed into Law119th
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
