United StatesAmerican Entrepreneurs First Act of 2025
What it does
This bill revises the application requirements for the Small Business Administration's 7(a) loan and 504 loan programs.
More detail
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.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Jun 9Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.Latest
- Jun 6Considered under the provisions of rule H. Res. 458. (consideration: CR H2510-2515)
- Vote recorded On Passage. Result: Passed.House
- Jun 6Rule provides for consideration of H.R. 2483, H.R. 2931, H.R. 2966 and H.R. 2987. The resolution provides for consideration of H.R. 2483 under a structured rule and for consideration of H.R. 2931, H.R. 2966, and H.R. 2987 under a closed rule. The resolution provides for one hour of debate and one motion to recommit on each bill.
- Jun 6DEBATE - The House proceeded with one hour of debate on H.R. 2966.
- Jun 6The previous question was ordered pursuant to the rule.
- Jun 6Passed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 190 (Roll no. 156). (text: CR H2510-2511)Passed House
- Jun 6Motion to reconsider laid on the table Agreed to without objection.
- Jun 3Rules Committee Resolution H. Res. 458 Reported to House. Rule provides for consideration of H.R. 2483, H.R. 2931, H.R. 2966 and H.R. 2987. The resolution provides for consideration of H.R. 2483 under a structured rule and for consideration of H.R. 2931, H.R. 2966, and H.R. 2987 under a closed rule. The resolution provides for one hour of debate and one motion to recommit on each bill.
- May 21Reported (Amended) by the Committee on Small Business. H. Rept. 119-112.
- May 21Placed on the Union Calendar, Calendar No. 83.
- Apr 30Committee Consideration and Mark-up Session Held
- Apr 30Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 11.
- Apr 17Introduced in House
- Apr 17Referred to the House Committee on Small Business.Introduced