American Entrepreneurs First Act of 2025

Summary

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.

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Documents

5 official files

• Referred in Senate

  Referred in Senate · EN · 9 June 2025

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• Engrossed in House

  Engrossed in House · EN · 6 June 2025

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• Reported in House

  Reported in House · EN · 21 May 2025

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• Introduced in House

  Introduced in House · EN · 17 April 2025

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• Introduced in House

  summary · EN · 17 April 2025

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