,,ii  #aai? ,,congress  #a/ ,session    
,s4 #ajdg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,m>* #ac1 #bjbe,mr4 ,"y
 introduc$ ! foll[+ bill2 :i* 0 read    
twice & ref]r$ to ! ,committee on ,small
 ,bus9ess & ,entrepr5eur%ip  ,a ,,bill  
,to prohibit individuals convict$ (     
defraud+ ! ,gov]nm5t f receiv+ any      
assi/ance f ! ,small ,bus9ess           
,adm9i/ration1 & = o!r purposes4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,assi/+ ,small ,bus9esses ,n ,fraud/]s  
,act4  #b4 ,assi/ance prohibit$ aft]    
fraud conviction  7a7 ,9 g5]al ,section 
#af ( ! ,small ,bus9ess ,act 7#ae       
,u4,s4,c4 #fde7 is am5d$ by add+ at !   
end ! foll[+ new subsection3  7h7       
,f9ancial assi/ance prohibition  7#a7 ,9
 g5]al ,an associate ( a small bus9ess  
conc]n :o is f9ally convict$ ( any crime
 involv+ or relat+ to f9ancial          
misconduct or a false /atem5t ) respect 
to a cov]$ loan or grant %all be        
ineligible to receive any f9ancial      
assi/ance f ! ,adm9i/rator1 o!r ?an     

f9ancial assi/ance "u section #g7;b74   
7#b7 ,bus9ess conc]ns ,a small bus9ess  
conc]n t has z an associate an          
individual subject to p>agraph 7#a7 %all
 be ineligible to receive any f9ancial  
assi/ance f ! ,adm9i/rator1 o!r ?an     
f9ancial assi/ance "u section #g7;b74   
7#c7 ,def9itions ,9 ?is subsection3 7,a7
 ,associate ,! t]m associate means1 )   
respect to a small bus9ess conc]n-- 7i7 
an (fic]1 director1 or own] ( m ?an #bj 
p]c5t ( ! equity (1 or a key employee (1
 su* small bus9ess conc]n2  7ii7 any    
entity n less ?an #bj p]c5t own$ or     
controll$ by "o or m individuals ref]r$ 
to 9 clause 7i72 &  7iii7 any o!r       
individual or entity 9 control ( or     
controll$ by su* small bus9ess conc]n1  
except = a lic5s$ small bus9ess inve/m5t
 company 7z def9$ 9 section #ajc7c7 ( ! 
,small ,bus9ess ,inve/m5t ,act ( #aieh  
7#ae ,u4,s4,c4 #ffb7c7774  7,b7 ,cov]$  
loan or grant ,! t]m cov]$ loan or grant
 means-- 7i7 a loan made "u-- 7,i7      
p>agraph 7#cf7 or 7#cg7 ( section       

#g7;a72 or  7,,ii7 section #g7;b7 9     
response to ! ,,covid-#ai p&emic2 or    
7ii7 a grant made "u-- 7,i7 section     
#ejjc ( ! ,am]ican ,rescue ,plan ,act ( 
#bjba 7#ae ,u4,s4,c4 #ijji;c72 or       
7,,ii7 section #cbd ( ! ,economic ,aid  
to ,h>d-,hit ,small ,bus9esses1         
,nonpr(its1 & ,v5ues ,act 7#ae ,u4,s4,c4
 #ijji;a74  7,c7 ,f9ally convict$ ,! t]m
 f9ally convict$ means1 ) respect to a  
p]son1 t su* p]son has be5 convict$ ( an
 (f5se & su* conviction-- 7i7 has n be5 
appeal$ & is no long] appealable because
 ! "t = tak+ an appeal has expir$2 or   
7ii7 has be5 appeal$ & ! appeals process
 = su* conviction is complet$4  4  7b7  
,applicability ,subsection 7h7 ( section
 #af ( ! ,small ,bus9ess ,act 7#ae      
,u4,s4,c4 #fde71 z add$ by subsection   
7a7 ( ?is section1 %all n apply to any  
contract or o!r agreem5t ent]$ into by !
 ,gov]nm5t prior to ! date ( ! enactm5t 
( ?is ,act4