To require the Administrator of the Small Business Administration to require an applicant for certain loans of the Administration to provide certain citizenship status documentation, and for other purposes.
Sponsors
Legislative Progress
Passed HouseReceived; read twice and referred to the Committee on Small …
Passed House (inferred from eh version)
Reported with an amendment, committed to the Committee of the …
Ms. Van Duyne (for herself and Mr. Cloud) introduced the …
On Passage
American Entrepreneurs First Act
Summary
What This Bill Does
Requires SBA loan applicants under Section 7(a) and Title V (504 loans) to certify citizenship status and provide documentation. Makes asylees, refugees, visa holders, DACA recipients, and undocumented immigrants ineligible for these federal small business loans.
Who Benefits and How
U.S. citizens, nationals, and lawful permanent residents face reduced competition for SBA loan programs. SBA gains clearer eligibility requirements for loan approvals.
Who Bears the Burden and How
Immigrant entrepreneurs (asylees, refugees, visa holders, DACA recipients) lose access to SBA loan programs. SBA bears administrative burden of verifying citizenship documentation.
Key Provisions
- Requires date of birth, citizenship certification, and alien registration numbers for lawful permanent residents
- Defines "ineligible persons" as asylees, refugees, nonimmigrant visa holders, DACA recipients, and undocumented immigrants
- Applicant concerns must be 100% beneficially owned by eligible individuals
- Guarantors must also be citizens, nationals, or LPRs
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Restricts SBA 7(a) and 504 loans to U.S. citizens, nationals, and lawful permanent residents, excluding other immigrant categories
Policy Domains
Legislative Strategy
"Restrict federal small business lending to citizens and permanent residents"
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
Asylees, refugees, nonimmigrant visa holders, DACA recipients, or undocumented immigrants
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