Political Quotes

“Mr. Speaker, I move to suspend the rules and pass the bill (H.R. 825) to prohibit individuals convicted of defrauding the Government from receiving any assistance from the Small Business Administration, and for other purposes. The Clerk read the title of the bill. The text of the bill is as follows: H.R. 825 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Assisting Small Businesses Not Fraudsters Act''. SEC. 2. ASSISTANCE PROHIBITED AFTER FRAUD CONVICTION. (a) In General.--Section 16 of the Small Business Act (15 U.S.C. 645) is amended by adding at the end the following new subsection: ``(h) Financial Assistance Prohibition.-- ``(1) 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 Administrator, other than financial assistance under section 7(b). ``(2) Business concerns.--A small business concern that has as an associate an individual subject to paragraph (1) shall be ineligible to receive any financial assistance from the Administrator, other than financial assistance under section 7(b).…”