American Entrepreneurs First Act of 2025

Bill: 119-hr-2966
Sponsor: Rep. Van Duyne, Beth [R-TX-24]
Introduced: 2025-04-17 in the House
Policy area: Commerce
Subjects: Administrative law and regulatory procedures
Government lending and loan guarantees
Immigration status and procedures
Small Business Administration
Small business

Summary:
action_date: 2025-04-17
text: 

American Entrepreneurs First Act

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.


Legislative actions:
action_date: 2025-06-09
text: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
action_date: 2025-06-06
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2025-06-06
text: On passage Passed by the Yeas and Nays: 217 - 190 (Roll no. 156). (text: CR H2510-2511)
action_date: 2025-06-06
text: Passed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 190 (Roll no. 156).
action_date: 2025-06-06
text: The previous question was ordered pursuant to the rule.
action_date: 2025-06-06
text: DEBATE - The House proceeded with one hour of debate on H.R. 2966.
action_date: 2025-06-06
text: Rule provides for consideration of H.R. 2483, H.R. 2931, H.R. 2966 and H.R. 2987. The resolution provides for consideration of H.R. 2483 under a structured rule and for consideration of H.R. 2931, H.R. 2966, and H.R. 2987 under a closed rule. The resolution provides for one hour of debate and one motion to recommit on each bill.
action_date: 2025-06-06
text: Considered under the provisions of rule H. Res. 458. (consideration: CR H2510-2515)
action_date: 2025-06-03
text: Rules Committee Resolution H. Res. 458 Reported to House. Rule provides for consideration of H.R. 2483, H.R. 2931, H.R. 2966 and H.R. 2987. The resolution provides for consideration of H.R. 2483 under a structured rule and for consideration of H.R. 2931, H.R. 2966, and H.R. 2987 under a closed rule. The resolution provides for one hour of debate and one motion to recommit on each bill.
action_date: 2025-05-21
text: Placed on the Union Calendar, Calendar No. 83.
action_date: 2025-05-21
text: Reported (Amended) by the Committee on Small Business. H. Rept. 119-112.
action_date: 2025-05-21
text: Reported (Amended) by the Committee on Small Business. H. Rept. 119-112.
action_date: 2025-04-30
text: Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 11.
action_date: 2025-04-30
text: Committee Consideration and Mark-up Session Held
action_date: 2025-04-17
text: Referred to the House Committee on Small Business.
action_date: 2025-04-17
text: Introduced in House
action_date: 2025-04-17
text: Introduced in House