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EconomyH.R. 2966Comments

American Entrepreneurs First Act of 2025

Official title: To require the Administrator of the Small Business Administration to require an applicant for certain loans of the Administration to provide certain citizenship status documentation, and for other purposes.

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Where the Bill Stands

  1. Introduced, done
  2. Committee, done
  3. Floor Vote, done
  4. Outcome, current stage

How Congress Voted

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What This Bill Does

This bill revises the application requirements for the Small Business Administration's 7(a) loan and 504 loan programs.

Specifically, the bill requires applications for such loans to include (1) the applicant's date of birth; and (2) a certification that the applicant or all beneficial owners are citizens, nationals, or lawful permanent residents of the United States.

The bill specifies that certain individuals are ineligible for such loans, including (1) asylees, (2) refugees, (3) individuals issued a visa to remain in the United States, (4) individuals legally classified as nonimmigrants, (5) individuals to whom deferred action has been granted pursuant to the Deferred Action for Childhood Arrivals, and (6) individuals without lawful status under the immigration laws of the United States.

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Related Documents

Bill on Congress.govWeb Page ↗ (opens in a new tab)

Timeline

  1. SenateReceived in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
  2. House floor actionsConsidered under the provisions of rule H. Res. 458. (consideration: CR H2510-2515)
  3. Library of CongressPassed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 190 (Roll no. 156).
  4. Floor Vote
  5. Passed the House
  6. House floor actionsRules Committee Resolution H. Res. 458 Reported to House. Rule provides for consideration of H.R. 2483, H.R. 2931, H.R. 2966 and H.R. 2987. The resolution provides for consideration of H.R. 2483 under a structured rule and for consideration of H.R. 2931, H.R. 2966, and H.R. 2987 under a closed rule. The resolution provides for one hour of debate and one motion to recommit on each bill.
  7. House floor actionsReported (Amended) by the Committee on Small Business. H. Rept. 119-112.
  8. House committee actionsCommittee Consideration and Mark-up Session Held
  9. Library of CongressIntroduced in House
  10. House floor actionsReferred to the House Committee on Small Business.
  11. Introduced
  12. Committee

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