US EditionHouse Passes Bill Removing Noncitizen Eligibility for Federal Business Loans
- On Friday, the U.S. House approved a 2025 bill that prevents most noncitizens from qualifying for Small Business Administration loans.
- The bill was prompted by concerns regarding SBA loan discrepancies, including the distribution of more than $333 million in loans to individuals reportedly aged above 115 between 2020 and 2021.
- The legislation requires SBA to verify citizenship and age, excluding illegal immigrants and companies partly owned by them while allowing lawful permanent residents to qualify.
- Rep. Beth Van Dunye described the bill as "just common sense," while SBA Administrator Kelly Loeffler emphasized that the legislation prevents undocumented individuals and those engaging in fraud from receiving loans funded by taxpayers.
- If enacted, the law will expand immigration enforcement in SBA lending and aims to improve taxpayer stewardship, though some Democrats claim it will harm small businesses.
32 Articles
32 Articles
House Passes Bill Removing Noncitizen Eligibility for Federal Business Loans | The Star News Network
by Thérèse Boudreaux The U.S. House has passed legislation barring all noncitizens, except permanent residents from acquiring Small Business Administration loans. The American Entrepreneurs First Act of 2025, which passed in a 217-190 vote Friday, would require the SBA to verify the citizenship status and age of every applicant, codifying reforms recently implemented by the agency. If the bill passes the Senate and becomes law, the SBA will pe…
House Passes Bill Removing Noncitizen Eligibility for Federal Business Loans - The Virginia Star
by Thérèse Boudreaux The U.S. House has passed legislation barring all noncitizens, except permanent residents from acquiring Small Business Administration loans. The American Entrepreneurs First Act of 2025, which passed in a 217-190 vote Friday, would require the SBA to verify the citizenship status and age of every applicant, codifying reforms recently implemented by the agency. If the bill passes the Senate and becomes law, the SBA will pe…
The Epoch Times
The Constitution StudyHouse Passes Bill to Bar Non-Citizens From Federal Small Business Loans
WASHINGTON—The U.S. House of Representatives on June 6 passed a bill that would bar most foreign nationals, whether lawfully or unlawfully present, from receiving taxpayer-funded loans to start small businesses in the United States. The Small Business Administration (SBA) is an independent agency of the United States government, headed by a cabinet-level administrator, that seeks to promote small businesses and the jobs they create, most commonl…
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