The proposed legislation, titled the "Small Business ICE Disruption Fund Act," seeks to create a dedicated fund to assist small businesses financially impacted by federal immigration enforcement actions. An eligible entity is defined as a small business concern that has experienced an immigration enforcement-related revenue loss of at least 25 percent within the last year due to disruptions from such actions. Importantly, businesses with more than 15 locations or publicly traded companies are excluded from eligibility. The bill appropriates $200,000,000 to the Small Business ICE Disruption Fund for fiscal year 2026, to remain available until expended. The Administrator of the Small Business Administration will award grants to eligible entities based on the order applications are received, requiring a good faith certification of losses and no other compensation. Grant amounts will equal the documented revenue loss, with an aggregate maximum of $1,000,000 per entity and $500,000 per physical location, while also implementing fraud checks like verifying tax returns and business identifiers.