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House Passes Small Business Lending Fraud Prevention Act

Original title: SMALL BUSINESS LENDING FRAUD PREVENTION ACT

June 24, 2026

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Finance Connection

Notable money activity
$90,782across 20 reported contributions
Trace money trail →
CandidateDonorAmountIndustryDate
Friends of Ken Williams for School Board 2020David Horowitz$10,000ChairmanFeb 2020
Friends of Ken Williams for School Board 2020OC Charter Advocates for Great Public Schools$7,500-Feb 2020
Sally Harris WilliamsonSally Harris Harris$7,200Retired Business OwnerMar 2026
Tyller Williamson for Monterey Mayor 2024Tyller Williamson for Monterey Mayor 2022 FPPC 1449539$7,073-Jun 2024
Latoya Williams SheltonLatoya Williams-Shelton$5,000AttorneyJan 2026
Latoya Williams SheltonLatoya Williams-Shelton$5,000AttorneyJan 2026
Latoya Williams SheltonLatoya Williams-Shelton$5,000AttorneyFeb 2026
Friends of Ken Williams for School Board 2020David Cheney$5,000Education AdministratorFeb 2020
K Patrice Williams for Fairfield City Council 2022, District 1Service Employees International Union Local 1021 Candidate PAC Small Contributor Committee$4,900-Sep 2022
Bobby WilliamsWILLIAMS BOBBY$4,000COMMUNICATIONS/INTERNET SERVMay 2025
Friends of Ken Williams for School Board 2020Fieldstead & Company$3,500-Jan 2020
RE-ELECT HAROLD WILLIAMS TO WATER BOARD 2022Harold C. Williams$3,109Civil EngineerJul 2023
K Patrice Williams for Fairfield City Council 2022, District 1Baywood Property Management$3,000-Dec 2022
Bobby WilliamsNUNEZ ANITA$3,000RESTAURANT OWNERMay 2026
Bobby WilliamsWILLIAMS CONSTRUCTION COMAPNY LLC$3,000HOME CONSTRUCTIONSep 2025
Bobby WilliamsMURPHY THOMAS JR$3,000FIREFIGHTERSep 2025
Bobby WilliamsMURPHY VINCETTA$3,000RETIREDSep 2025
Bobby WilliamsBROOKS LAW GROUP$3,000LAW OFFICEAug 2025
Bobby WilliamsYURT JOSEPH$3,000RETIREDOct 2025
K Patrice Williams for Fairfield City Council 2022, District 1IBEW Local 180 P.A.C$2,500-Nov 2022

Reported financial relationships and timing signals. This does not prove motive or influence. Readers draw their own conclusions.

The Frame

What this does

This legislation mandates that SBA employees formally declare they have no personal financial conflicts of interest in the loans they oversee, directly impacting internal agency compliance requirements for federal staff.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Small Business Administration employees

These employees must now provide formal certification regarding potential conflicts of interest for loans they manage.

What changed

Last recorded activity June 24, 2026.

What's next

Next step not available in the current record.

Summary

The U.S. House of Representatives passed H.R. 7401, a bill requiring Small Business Administration (SBA) employees to certify they have no conflicts of interest regarding loans they manage. The bill passed with a 415-0 vote, moving it forward in the legislative process.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What does H.R. 7401 require SBA employees to do?
It requires them to certify that they do not have any prohibited conflicts of interest with respect to loans in which they are involved.
Did the bill pass the House?
Yes, it passed with 415 votes in favor and 0 votes against.

Why It Matters

This legislation mandates that SBA employees formally declare they have no personal financial conflicts of interest in the loans they oversee, directly impacting internal agency compliance requirements for federal staff.

News Coverage

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Sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Increased Ethics Oversight

The legislation marks a shift toward mandatory self-certification for federal employees involved in financial lending processes.

Connected Entities

personWilliamsThe gentleman from Texas who moved to suspend the rules and pass the bill.Map →
organizationSmall Business AdministrationThe federal agency responsible for the loans covered by the new conflict-of-inteMap →
personLunaThe representative who changed her vote to 'present'.Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100
  • Significance75
    How much this matters to a regular citizen
  • Controversy5
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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