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A joint resolution 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 CongressSJRES-202| Senate 
| Updated: 7/23/2026
Edward J. Markey

Edward J. Markey

Democratic Senator

Massachusetts

Small Business and Entrepreneurship Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This joint resolution expresses congressional disapproval of two specific rules submitted by the Small Business Administration (SBA) regarding eligibility for its loan programs. These rules, issued in February 2026, are titled "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." The resolution invokes chapter 8 of title 5, United States Code, to nullify these regulations. If enacted, this measure would ensure that the disapproved SBA rules, which concern applicant ownership, citizenship, and residency for 7(a) and 504 loans, would have no legal force or effect.
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Timeline
Jul 23, 2026

Latest Companion Bill Action

HJRES 119-207
Introduced in House
Jul 23, 2026
Introduced in Senate
Jul 23, 2026
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • July 23, 2026

    Latest Companion Bill Action

    HJRES 119-207
    Introduced in House


  • July 23, 2026
    Introduced in Senate


  • July 23, 2026
    Read twice and referred to the Committee on Small Business and Entrepreneurship.

Related Bills

  • HJRES 119-207: 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".

A joint resolution 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 CongressSJRES-202| Senate 
| Updated: 7/23/2026
This joint resolution expresses congressional disapproval of two specific rules submitted by the Small Business Administration (SBA) regarding eligibility for its loan programs. These rules, issued in February 2026, are titled "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." The resolution invokes chapter 8 of title 5, United States Code, to nullify these regulations. If enacted, this measure would ensure that the disapproved SBA rules, which concern applicant ownership, citizenship, and residency for 7(a) and 504 loans, would have no legal force or effect.
View Full Text

Suggested Questions

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

Timeline
Jul 23, 2026

Latest Companion Bill Action

HJRES 119-207
Introduced in House
Jul 23, 2026
Introduced in Senate
Jul 23, 2026
Read twice and referred to the Committee on Small Business and Entrepreneurship.
  • July 23, 2026

    Latest Companion Bill Action

    HJRES 119-207
    Introduced in House


  • July 23, 2026
    Introduced in Senate


  • July 23, 2026
    Read twice and referred to the Committee on Small Business and Entrepreneurship.
Edward J. Markey

Edward J. Markey

Democratic Senator

Massachusetts

Small Business and Entrepreneurship Committee

Related Bills

  • HJRES 119-207: 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".
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted