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H.R. 8563119th CongressIn committeeLatest action Apr 28, 2026Decoded by AI · checked against the record
Official title: Investing in the American Dream Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
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
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.
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.
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.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the House Committee on Small Business.