H.R. 7401
Requires loan staff to certify no conflicts of interest
Employees of the Small Business Administration who work on loans would have to sign a written statement that they have no conflict of interest before taking part.
- Covers employees who start, review, or approve the agency's loans
- Employees must disclose any conflict that arises after signing
- They must also confirm they know the agency's conflict rules
- Current law already requires federal employees to disclose conflicts and step aside
Passed the House · Senate's turn