HR 2966
Passed a chamber
Requires applicants for certain Small Business Administration loans to provide citizenship status documentation and certify that their owners are not ineligible persons, a group that includes asylees, refugees, and certain visa holders.
Official title: American Entrepreneurs First Act of 2025
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
17-APR-2025
Referred
17-APR-2025
Approved by committee
30-APR-2025
Reported
21-MAY-2025
On the calendar
21-MAY-2025
Passed
06-JUN-2025
Senate
Received
09-JUN-2025
- Requires each individual applicant and each individual owner of an applicant business to provide a date of birth.
- Requires certification that individual applicants are U.S. citizens, nationals, or lawful permanent residents, or that a business applicant or guarantor is 100 percent owned by such individuals.
- Requires documentation of the alien registration number for any lawful permanent resident who is an applicant or owner, and makes an applicant ineligible if an owner is an ineligible person.
- Applies to applications submitted after the date of enactment and defines ineligible persons to include asylees, refugees, certain nonimmigrants, DACA recipients, and people present without lawful status.
Covers an older version. The newest CRS summary describes the bill as of "Introduced in House" (17-APR-2025); the text has changed since (Engrossed in House, 06-JUN-2025).
CRS is the Library of Congress's nonpartisan research office. Read it on congress.gov- Small Business Committee (House)
- Small Business and Entrepreneurship Committee (Senate)
Commerce
■ 1 R
1 Republican