H.R. 8563In committeeJobs & the economy
Bill would clarify which immigrants qualify for SBA small business loans
Data as of July 13, 2026
HR 8563 would let DACA recipients, refugees, asylees and certain visa holders qualify for SBA loans if they meet ownership rules.40-second read · 4 questions answered below
Decoded
What does this do?
HR 8563 clarifies who can own a small business that receives SBA-guaranteed loans, microloans, investment loans, and surety bond guarantees. A business qualifies if it's U.S.-based and at least 51 percent owned and controlled by U.S. citizens, nationals, or other "eligible individuals" with lawful presence and work authorization. It lists specific categories of eligible individuals, including asylees, refugees, certain visa holders, lawful permanent residents, and DACA recipients.
Who does it affect?
Immigrant small business owners with legal status, including DACA recipients, refugees, asylees, and certain visa holders, as well as banks and lenders that work with the SBA.
Why does it matter?
The bill would prevent loan denial based solely on ownership by these eligible individuals, while keeping the 51 percent ownership requirement fixed and not expanding SBA's authority to change it.
Where does it stand?
- Introduced
- House committee — You are here
- House vote
- Senate
- President's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
Investing in the American Dream Act
- Introduced:
- April 28, 2026
- Latest action:
- April 28, 2026
Referred to the House Committee on Small Business.
Read the official bill on Congress.govMake the call
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