U.S. House passes two small business bills on SBA loan oversight and technology financing
Lawmakers are advancing bipartisan measures aimed at tightening oversight of Small Business Administration lending and expanding financing clarity for smaller firms. The package combines conflict-of-interest safeguards for SBA loan staff with a provision confirming that 7(a) loans can support access to modern business software.
Highlights
- U.S. House passed two bipartisan bills enhancing transparency in SBA lending and expanding eligible uses for SBA 7(a) loans.
- H.R. 7401 mandates SBA employees certify no conflicts of interest exist during loan origination, review, or approval, aiming to reduce fraud risk.
- H.R. 915 clarifies SBA authority to approve 7(a) loans for small business software purchases, broadening access to technology financing.
House action on SBA oversight and lending rules
The House Committee on Small Business said the U.S. House of Representatives passed two bipartisan bills under suspension, sending forward measures intended to increase transparency in SBA lending and give small businesses more certainty over eligible financing uses.Chairman Roger Williams said the legislation is meant to provide relief and certainty to small businesses while strengthening accountability at the SBA through transparency, reliability and efficiency. He said the changes are intended to help Main Street businesses compete better, gain access to capital and reduce the risk of fraud.
One of the bills, H.R. 7401, the Small Business Lending Fraud Prevention Act, was introduced by Rep. Meuser of Pennsylvania. It requires SBA employees involved in the origination, review or approval of SBA loans to certify in writing that they have no prohibited conflicts of interest and to recuse themselves if a conflict is later identified.
Implications for small business financing and operations
The second measure, H.R. 915, the Small Business Technological Advancement Act, was introduced by Rep. Alford of Missouri. It clarifies that the SBA can provide 7(a) loans to small businesses seeking to finance access to modern business software.The clarification could widen practical access to technology funding for smaller companies that need updated software to remain competitive. Together, the two bills address both compliance risks inside the SBA lending process and operational investment needs among small businesses across the U.S.
In our earlier article on the bipartisan 21st Century ROAD to Housing Act, we outlined how the package advanced with broad Congressional support while facing uncertainty over whether President Donald Trump would sign it. We also explained that the bill targets housing supply constraints through zoning and building-cost measures, adds disaster and climate-related housing aid, and includes limits on institutional purchases of single-family homes.
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