HR. 2966In Committee
American Entrepreneurs First Act of 2025
Revises Small Business Administration 7(a) and 504 loan application rules to require citizenship status certifications and exclude several noncitizen categories from eligibility
Plain-English overview
What this bill does
Revises Small Business Administration 7(a) and 504 loan application rules to require citizenship status certifications and exclude several noncitizen categories from eligibility
Key points
- Require borrower status certifications
- Prohibit loans for specified noncitizens
Current status
Where it stands
Status
In Committee
Latest action
2025-06-09 — Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Related context
Topics and policy areas
undefinedAdministrative law and regulatory proceduresCommerceGovernment lending and loan guaranteesImmigration status and proceduresSmall businessSmall Business Administration