To prohibit certain business concerns from receiving assistance from the Small Business Administration, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill amends the Small Business Act to prohibit businesses located and incorporated in China, or with more than 25% Chinese ownership, from qualifying as small business concerns eligible for SBA assistance programs, loans. It relies on definition changes and compliance mandates. The main policy areas are Small Business and Finance.
Who Benefits and How
Domestic small businesses competing for SBA contracts, loans, and assistance could gain revenue opportunities.
Who Bears the Burden and How
U.S. small businesses with 25%+ Chinese ownership or investment could face higher barriers, Small businesses incorporated in People's Republic of China could face higher barriers, and Chinese investors and venture capital firms investing in U.S. small businesses could lose revenue opportunities.
Key Provisions
- Amends the Small Business Act to prohibit businesses located and incorporated in China, or with more than 25% Chinese ownership, from qualifying as small business concerns eligible for SBA assistance programs, loans...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill amends the Small Business Act to prohibit businesses located and incorporated in China, or with more than 25% Chinese ownership, from qualifying as small business concerns eligible for SBA assistance programs, loans.
Key Policy Areas
Small Business, Finance
Primary Purpose
The bill amends the Small Business Act to prohibit businesses located and incorporated in China, or with more than 25% Chinese ownership, from qualifying as small business concerns eligible for SBA assistance programs, loans.
Policy Domains
Section 1 - Short Title
Identified Gains
- Domestic small businesses competing for SBA contracts, loans, and assistance
Identified Costs
- U.S. small businesses with 25%+ Chinese ownership or investment
- Small businesses incorporated in People's Republic of China
- Chinese investors and venture capital firms investing in U.S. small businesses
Sponsors
Legislative Progress
IntroducedMr. Mills (for himself, Mr. Webster of Florida, Mr. Steube, …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Domestic small businesses competing for SBA contracts, loans, and assistance, Small businesses incorporated in People's Republic of China, U.S. small businesses with 25%+ Chinese ownership or investment
Positive-direction: Domestic small businesses competing for SBA contracts, loans, and assistance
Negative-direction: Small businesses incorporated in People's Republic of China, U.S. small businesses with 25%+ Chinese ownership or investment
Chinese investors and venture capital firms investing in U.S. small businesses
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_administrator"
- → Administrator of the Small Business Administration
Key Definitions
Terms defined in this bill
Amends 15 U.S.C. 632(a) to exclude concerns that are: (A) located and incorporated in the People's Republic of China; or (B) have more than 25 percent of voting stock owned by affiliates that are citizens of or organized under the laws of the People's Republic of China
Entities that are citizens of or organized under the laws of the People's Republic of China (in context of 25% voting stock ownership threshold)
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology