,,ii  #aaith ,,congress  #ast ,session  
,s4 #ajdg  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,march #ac1    
#bjbe,mr4 ,young introduced the         
following bill2 which was read twice and
 referred to the ,committee on ,small   
,business and ,entrepreneurship  ,a     
,,bill  ,to prohibit individuals        
convicted of defrauding the ,government 
from receiving any assistance from the  
,small ,business ,administration1 and   
for other purposes4  #a4 ,short title   
,this ,act may be cited as the          
,assisting ,small ,businesses ,not      
,fraudsters ,act4  #b4 ,assistance      
prohibited after fraud conviction  7a7  
,in general ,section #af of the ,small  
,business ,act 7#ae ,u4,s4,c4 #fde7 is  
amended by adding at the end the        
following new subsection3  7h7          
,financial assistance prohibition  7#a7 
,in general ,an associate of a small    
business concern who is finally         
convicted of any crime involving or     
relating to financial misconduct or a   

false statement with respect to a       
covered loan or grant shall be          
ineligible to receive any financial     
assistance from the ,administrator1     
other than financial assistance under   
section #g7;b74  7#b7 ,business concerns
 ,a small business concern that has as  
an associate an individual subject to   
paragraph 7#a7 shall be ineligible to   
receive any financial assistance from   
the ,administrator1 other than financial
 assistance under section #g7;b74  7#c7 
,definitions ,in this subsection3 7,a7  
,associate ,the term associate means1   
with respect to a small business        
concern-- 7i7 an officer1 director1 or  
owner of more than #bj percent of the   
equity of1 or a key employee of1 such   
small business concern2  7ii7 any entity
 not less than #bj percent owned or     
controlled by one or more individuals   
referred to in clause 7i72 and  7iii7   
any other individual or entity in       
control of or controlled by such small  
business concern1 except for a licensed 

small business investment company 7as   
defined in section #ajc7c7 of the ,small
 ,business ,investment ,act of #aieh    
7#ae ,u4,s4,c4 #ffb7c7774  7,b7 ,covered
 loan or grant ,the term covered loan or
 grant means-- 7i7 a loan made under--  
7,i7 paragraph 7#cf7 or 7#cg7 of section
 #g7;a72 or  7,,ii7 section #g7;b7 in   
response to the ,,covid-#ai pandemic2 or
  7ii7 a grant made under-- 7,i7 section
 #ejjc of the ,american ,rescue ,plan   
,act of #bjba 7#ae ,u4,s4,c4 #ijji;c72  
or  7,,ii7 section #cbd of the ,economic
 ,aid to ,hard-,hit ,small ,businesses1 
,nonprofits1 and ,venues ,act 7#ae      
,u4,s4,c4 #ijji;a74  7,c7 ,finally      
convicted ,the term finally convicted   
means1 with respect to a person1 that   
such person has been convicted of an    
offense and such conviction-- 7i7 has   
not been appealed and is no longer      
appealable because the time for taking  
an appeal has expired2 or  7ii7 has been
 appealed and the appeals process for   
such conviction is completed4  4  7b7   

,applicability ,subsection 7h7 of       
section #af of the ,small ,business ,act
 7#ae ,u4,s4,c4 #fde71 as added by      
subsection 7a7 of this section1 shall   
not apply to any contract or other      
agreement entered into by the           
,government prior to the date of the    
enactment of this ,act4