Loading chat...
US HB2966
Bill
Status
6/9/2025
Primary Sponsor
Elizabeth Van Duyne
Click for details
AI Summary
-
Requires SBA loan applicants under Section 7(a) and Title V programs to provide date of birth and certify they are U.S. citizens, U.S. nationals, or lawful permanent residents
-
Business applicants must certify 100% beneficial ownership by U.S. citizens, nationals, or lawful permanent residents, and that no direct or indirect owner is an ineligible person
-
Lawful permanent residents applying for loans must provide their alien registration number as documentation
-
Makes ineligible for SBA loans: asylees, refugees, visa holders, nonimmigrants, DACA recipients, and individuals without lawful immigration status
-
Passed the House of Representatives on June 6, 2025
Legislative Description
American Entrepreneurs First Act of 2025
Commerce
Last Action
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
6/9/2025