Bill Detail
H.R. 2966
Congress: 119
Title
American Entrepreneurs First Act of 2025
Summary
American Entrepreneurs First Act 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.
Sponsor
Rep. Beth Van Duyne [R-TX-24]
Status
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
Status as of Aug 1, 11:58 PM · synced 12d ago
Introduced
2025-04-17
Data source mode: congress-gov
Bill Engagement
American Entrepreneurs First Act This bill revises the application requirements for the Small Business Administration's 7(a) loan and 504 loan programs.
Lobbyists on the case
- National Small Business Association4 filings · 4 lobs
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