H.R. 2966 · 119th Congress · Commerce
American Entrepreneurs First Act of 2025
Requires SBA loan applicants to provide birth dates and citizenship status; bars certain visa holders and undocumented immigrants. AI-read
What it does
This bill revises the application requirements for the Small Business Administration's 7(a) loan and 504 loan programs.
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.
Summary by the Congressional Research Service, Apr 17, 2025 (Introduced in House). CRS summarizes bills impartially; it does not take positions.
Roll call votes
| Date | Question | Party split (yea) | Result |
|---|---|---|---|
| Jun 6, 2025 House roll 155 |
On PassageAmerican Entrepreneurs First Act | D 8–190 · R 209–0 |
Passed 217–190 |
Latest action
Jun 9, 2025 · Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.