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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

Next stop Senate: awaiting action
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
Key points
  • 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.
AI-generated from the Referred in Senate text of 09-JUN-2025 · verify · report an error
Official CRS summary

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
Committee referrals (2) Policy area

Commerce

Sponsor Beth Van Duyne (R-TX) Cosponsors · 1
■ 1 R
1 Republican