2
3

American Entrepreneurs First Act of 2025

6/11/2025, 3:53 AM

Summary of Bill HR 2966

H.R. 2966, introduced in the 119th Congress on April 17, 2025, aims to mandate the Administrator of the Small Business Administration to compel specific citizenship status documentation from applicants seeking certain loans from the Administration, among other purposes.

Congressional Summary of HR 2966

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.

Read the Full Bill

Formatted TextPDFFormatted XML

Current Status of Bill HR 2966

Bill HR 2966 is currently in the status of Introduced to Senate since June 9, 2025. Bill HR 2966 was introduced during Congress 119 and was introduced to the House on April 17, 2025.  Bill HR 2966's most recent activity was Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. as of June 9, 2025

Bipartisan Support of Bill HR 2966

Total Number of Sponsors
18
Democrat Sponsors
0
Republican Sponsors
18
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
0
Republican Cosponsors
1
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 2966

Primary Policy Focus

Commerce

Alternate Title(s) of Bill HR 2966

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.
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.

Comments

Matheo King profile image

Matheo King

41,704

11 months ago

I think this bill is great cuz it helps American entrepreneurs get ahead. It gives them more opportunities to succeed and grow their businesses. This bill is all about supporting our own people and making sure they have the resources they need to thrive. I'm all for it!

Legacy Chu profile image

Legacy Chu

41,820

10 months ago

this bill sucks, it's gonna mess everything up for us entrepreneurs. i can't believe they're doing this to us. the big picture is just a disaster.

Sponsors and Cosponsors of HR 2966

Beth Van Duyne
Beth Van Duyne
TexasRepublican
Michael Cloud
Michael Cloud
TexasRepublican

Latest Bills

Providing for consideration of the bill (H.R. 8035) to amend the FISA Amendments Act of 2008 to extend the authorities of title VII of the Foreign Intelligence Surveillance Act of 1978 through October 20, 2027, and for other purposes.
Bill HRES 1175April 17, 2026
Social Determinants for Moms Act
Bill S 4149April 17, 2026
FARM Stability Act
Bill S 4249April 17, 2026
Investing in All of America Act of 2025
Bill HR 2066April 17, 2026
Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Land Management relating to Public Land Order No. 7917 for Withdrawal of Federal Lands; Cook, Lake, and Saint Louis Counties, MN.
Bill HJRES 140April 17, 2026
A joint resolution to direct the removal of United States Armed Forces from hostilities within or against the Islamic Republic of Iran that have not been authorized by Congress.
Bill SJRES 123April 17, 2026
A joint resolution to direct the removal of United States Armed Forces from hostilities within or against the Islamic Republic of Iran that have not been authorized by Congress.
Bill SJRES 116April 17, 2026
A joint resolution to direct the removal of United States Armed Forces from hostilities within or against the Islamic Republic of Iran that have not been authorized by Congress.
Bill SJRES 181April 17, 2026
A joint resolution to direct the removal of United States Armed Forces from hostilities within or against the Islamic Republic of Iran that have not been authorized by Congress.
Bill SJRES 183April 17, 2026
A joint resolution to direct the removal of United States Armed Forces from hostilities within or against the Islamic Republic of Iran that have not been authorized by Congress.
Bill SJRES 171April 17, 2026
Providing for consideration of the bill (H.R. 2483) to reauthorize certain programs that provide for opioid use disorder prevention, treatment, and recovery, and for other purposes; providing for consideration of the bill (H.R. 2931) to direct the Administrator of the Small Business Administration to relocate certain offices of the Small Business Administration in sanctuary jurisdictions, and for other purposes; providing for consideration of the bill (H.R. 2966) 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; and providing for consideration of the bill (H.R. 2987) to amend the Small Business Act to require a limit on the number of small business lending companies, and for other purposes.
Bill HRES 458June 6, 2025