HR-2966 : Still Just a Bill

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.

Action Timeline

Action DateTypeTextSource
2025-06-09IntroReferralReceived in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.Senate
2025-06-06FloorMotion to reconsider laid on the table Agreed to without objection.House floor actions
2025-06-06VoteOn passage Passed by the Yeas and Nays: 217 - 190 (Roll no. 156). (text: CR H2510-2511)House floor actions
2025-06-06FloorThe previous question was ordered pursuant to the rule.House floor actions
2025-06-06FloorDEBATE - The House proceeded with one hour of debate on H.R. 2966.House floor actions
2025-06-06FloorRule 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.House floor actions
2025-06-06FloorConsidered under the provisions of rule H. Res. 458. (consideration: CR H2510-2515)House floor actions
2025-06-03FloorRules 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.House floor actions
2025-05-21CalendarsPlaced on the Union Calendar, Calendar No. 83.House floor actions
2025-05-21CommitteeReported (Amended) by the Committee on Small Business. H. Rept. 119-112.House floor actions
2025-04-30CommitteeOrdered to be Reported (Amended) by the Yeas and Nays: 15 - 11.House committee actions
2025-04-30CommitteeCommittee Consideration and Mark-up Session HeldHouse committee actions
2025-04-17IntroReferralReferred to the House Committee on Small Business.House floor actions
2025-04-17IntroReferralIntroduced in HouseLibrary of Congress

Vote Predictions



Policy Area :

Commerce
See Subjects
  • Administrative law and regulatory procedures
  • Government lending and loan guarantees
  • Immigration status and procedures
  • Small Business Administration
  • Small business

Related Bills

See Related Bills