American Entrepreneurs First Act of 2025
Introduced Apr 17, 2025 by Rep. Beth Van Duyne
The House passed it. The Senate has to pass it before it can reach the President.
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.
Summary by the Congressional Research Service.
- Jun 9, 2025Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Jun 6, 2025Motion to reconsider laid on the table Agreed to without objection.
- Jun 6, 2025On passage Passed by the Yeas and Nays: 217 - 190 (Roll no. 156). (text: CR H2510-2511)
- Jun 6, 2025Passed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 190 (Roll no. 156).
- Jun 6, 2025The previous question was ordered pursuant to the rule.
- Jun 6, 2025DEBATE - The House proceeded with one hour of debate on H.R. 2966.
- Jun 6, 2025Rule provides for consideration of H.R. 2483, H.R. 2931, H.R. 2966 and H.R. 2987. The resolution provides for consideration of H.R. 2483 under a structured rule and for consideration of H.R. 2931, H.R. 2966, and H.R. 2987 under a closed rule. The resolution provides for one hour of debate and one motion to recommit on each bill.
- Jun 6, 2025Considered under the provisions of rule H. Res. 458. (consideration: CR H2510-2515)
- Jun 3, 2025Rules Committee Resolution H. Res. 458 Reported to House. Rule provides for consideration of H.R. 2483, H.R. 2931, H.R. 2966 and H.R. 2987. The resolution provides for consideration of H.R. 2483 under a structured rule and for consideration of H.R. 2931, H.R. 2966, and H.R. 2987 under a closed rule. The resolution provides for one hour of debate and one motion to recommit on each bill.
- May 21, 2025Placed on the Union Calendar, Calendar No. 83.
- May 21, 2025Reported (Amended) by the Committee on Small Business. H. Rept. 119-112.
- Apr 30, 2025Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 11.
- Apr 30, 2025Committee Consideration and Mark-up Session Held
- Apr 17, 2025Referred to the House Committee on Small Business.
- Apr 17, 2025Introduced in House