H.R. 7401

H.R. 7401: Small Business Lending Fraud Prevention Act

Passed House Daniel Meuser (R) HOUSE_BILL — 119th Congress
Plain English Summary

The Small Business Lending Fraud Prevention Act requires employees of the Small Business Administration (SBA) who are involved in the processing of SBA loans to confirm in writing that they have no conflicts of interest before they participate in the loan process. If any conflicts arise after this certification, they must disclose them. The SBA is tasked with creating regulations to enforce these requirements.

Positive Media Summary

Supporters of the Small Business Lending Fraud Prevention Act have praised it as a necessary step to enhance transparency and integrity within the SBA loan process, aiming to protect small businesses from potential fraud and ensuring that loan decisions are made fairly and without bias.

Negative Media Summary

Critics of the Small Business Lending Fraud Prevention Act argue that the additional certification requirements may slow down the loan approval process and create unnecessary bureaucratic hurdles for SBA employees, potentially harming small businesses that rely on timely access to funding.

Conflict of Interest Analysis Deep Analysis
2/10
Risk Level
Low
Total Donations
$315,000,000
PAC Percentage
0%
Policy Area
Commerce

The Small Business Lending Fraud Prevention Act, sponsored by Daniel Meuser, does not show any direct industry overlaps with the sponsor's top donor industries, which are primarily Health Professionals and Retired individuals. The total contributions from these sectors amount to $315,000,000, but they do not appear to have a direct stake in the subject matter of small business lending. Additionally, the lobbying activity in this policy area involves companies like Alibaba and Tencent, which are not connected to the sponsor's donor industries. This lack of overlap suggests a lower risk of conflicts of interest, as the financial interests of the donors do not directly influence the legislative agenda of this bill. Voters should be aware that while there is significant financial backing from certain industries, it does not correlate with the bill's focus on small business lending fraud prevention.

Lobbying Activity — Who's Pushing?

Organizations that lobbied on issues related to this bill's policy area.

Client Lobbying Firm Amount
TENCENT AMERICA, LLC BROWNSTEIN HYATT FARBER SCHRECK, LLP $200,000
ALIBABA GROUP HOLDING LIMITED BROWNSTEIN HYATT FARBER SCHRECK, LLP $80,000
B&H FOTO & ELECTRONICS CORP STONINGTON GLOBAL $75,000
CTIA-THE WIRELESS ASSOCIATION MINTZ LEVIN COHN FERRIS GLOVSKY AND POPEO, P.C. $60,000
NORTH AMERICAN RESCUE, LLC NORTH AMERICAN RESCUE, LLC $10,000
SULLIVAN STRATEGIES OBO ODOT COLUMBIA STRATEGIC COUNSEL $10,000
ACT FOR AMERICA ACT FOR AMERICA $10,000
ALIBABA GROUP HOLDING LIMITED MERCURY PUBLIC AFFAIRS, LLC undisclosed
TENCENT AMERICA LLC MERCURY PUBLIC AFFAIRS, LLC undisclosed
XTAR LLC THE MADISON GROUP undisclosed
ALLERGY & ASTHMA NETWORK ALLERGY & ASTHMA NETWORK undisclosed
ARDMORE CONSULTING GROUP, INC BRADLEY ARANT BOULT CUMMINGS LLP undisclosed
T-MOBILE USA, INC. ALPINE ADVISORS undisclosed
AXON ENTERPRISE, INC. ALPINE GROUP PARTNERS, LLC. undisclosed
PLAYPOWER, INC. MILLER STRATEGIES, LLC undisclosed

Source: Senate Lobbying Disclosure Act (LDA) filings, 2026

Sponsor's Top Donor Industries

Top industries funding Daniel Meuser, ranked by total contributions.

Health Professionals $240,000,000
Individuals: $240,000,000 PACs: $0
Retired $75,000,000
Individuals: $75,000,000 PACs: $0

Source: OpenSecrets.org (Center for Responsive Politics)

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Congressional Votes
On Motion to Suspend the Rules and Pass
House · Jun 24, 2026
Passed
415
YEA
0
NAY
16
NOT VOTING

Source: GovTrack.us roll call vote data.