US HB7401

SBA employees who personally and substantially participate in loan origination, review, or approval must certify in writing that they have no prohibited conflicts of interest under 18 U.S.C. § 208 or 5 C.F.R. § 2635.502

Employees must commit to immediately disclose any conflict of interest discovered after certification and recuse themselves from participating in the affected loan

Certification requirement takes effect 270 days after enactment

SBA Administrator must issue implementing regulations within 180 days of enactment

Employees must confirm they understand applicable federal conflict of interest laws and SBA regulations