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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".

USA119th CongressHJRES-207| House 
| Updated: 7/23/2026
Nydia M. Velázquez

Nydia M. Velázquez

Democratic Representative

New York

Small Business Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Jul 23, 2026

Latest Companion Bill Action

SJRES 119-202
Introduced in Senate
Jul 23, 2026
Introduced in House
Jul 23, 2026
Referred to the House Committee on Small Business.
  • July 23, 2026

    Latest Companion Bill Action

    SJRES 119-202
    Introduced in Senate


  • July 23, 2026
    Introduced in House


  • July 23, 2026
    Referred to the House Committee on Small Business.

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".

USA119th CongressHJRES-207| House 
| Updated: 7/23/2026
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jul 23, 2026

Latest Companion Bill Action

SJRES 119-202
Introduced in Senate
Jul 23, 2026
Introduced in House
Jul 23, 2026
Referred to the House Committee on Small Business.
  • July 23, 2026

    Latest Companion Bill Action

    SJRES 119-202
    Introduced in Senate


  • July 23, 2026
    Introduced in House


  • July 23, 2026
    Referred to the House Committee on Small Business.
Nydia M. Velázquez

Nydia M. Velázquez

Democratic Representative

New York

Small Business Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted