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H.R. 2966 · 119th Congress

American Entrepreneurs First Act of 2025

Introduced Apr 17, 2025Policy area: Commerce

Read the textOn Congress.gov

Status: Passed House

  1. Introduced
  2. Committee
  3. Passed House
  4. Passed Senate
  5. To President
  6. Law

Latest action

: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Summary

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.

Summary by the Congressional Research Service.

Actions

  1. Senate

    Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

  2. House

    Motion to reconsider laid on the table Agreed to without objection.

  3. House

    On passage Passed by the Yeas and Nays: 217 - 190 (Roll no. 156). (text: CR H2510-2511)

  4. Passed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 190 (Roll no. 156).

  5. House

    The previous question was ordered pursuant to the rule.

  6. House

    DEBATE - The House proceeded with one hour of debate on H.R. 2966.

  7. 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.

  8. House

    Considered under the provisions of rule H. Res. 458. (consideration: CR H2510-2515)

  9. House

    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.

  10. House

    Placed on the Union Calendar, Calendar No. 83.

  11. House

    Reported (Amended) by the Committee on Small Business. H. Rept. 119-112.

  12. House

    Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 11.

Show 3 earlier actions
  1. House

    Committee Consideration and Mark-up Session Held

  2. House

    Referred to the House Committee on Small Business.

  3. Introduced in House