Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Small Business Administration relating to "Citizenship and Residency Requirements and Recission of Procedural Notice 5000-872050" and "Revised Applicant Ownership, Citizenship, and Residency Requirements for 7(a) and 504 Loans".

United States119th CongressHJRES-207House of Representatives
Latest legislative activity: Jul 23, 2026

Summary

AI Summary

This joint resolution seeks to disapprove two specific rules issued by the Small Business Administration (SBA) under the Congressional Review Act. The rules in question pertain to citizenship and residency requirements for applicants seeking 7(a) and 504 loans, as well as the rescission of a related procedural notice.

By passing this resolution, Congress aims to prevent these SBA rules, issued in February 2026, from taking effect. The Government Accountability Office determined these actions constituted a rule, paving the way for congressional review. If enacted, this disapproval means the specified SBA rules will have no legal force or effect, thereby maintaining the previous requirements for small business loan eligibility.

Automatically generated; check the official text for authoritative details.

Bill texts

Available versions
Introduced (House)View official text

1 version available

All available records shown.

Timeline

All available records shown.