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H.R. 2966119th Congress
Official title: American Entrepreneurs First Act of 2025
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
The bill would restrict SBA 7(a) and Title V loans to U.S. citizens, nationals, and green card holders only.
50-second read · 4 questions answered below
This bill would require applicants for SBA 7(a) loans and Title V small business investment loans to submit their date of birth and certify they are a U.S. citizen, national, or lawful permanent resident. All owners of an applying business would need to meet this requirement, and lawful permanent residents would need to provide an alien registration number. Refugees, asylum seekers, temporary visa holders, DACA recipients, and undocumented immigrants would be blocked from qualifying, even as partial business owners.
The bill affects small business owners who are not U.S. citizens or green card holders, including immigrants with legal temporary status, refugees, asylum seekers, and DACA recipients. It also affects banks and lenders that process these SBA loans.
Businesses with even one owner in a blocked immigration category would become entirely ineligible for these loans. Lenders would need to collect and verify additional citizenship and immigration documentation from all applicants.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: it passed the House and now goes to the Senate. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.