Bill · H.J.Res. 207· House(119-HJRES-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
- 7/23/2026
- Last activity
- 7/23/2026 — Referred to the House Committee on Small Business.
- Sponsored by
- Nydia Velázquez
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This joint resolution aims to provide congressional disapproval of a rule submitted by the Small Business Administration. The rule involves citizenship and residency requirements, as well as the rescission of Procedural Notice 5000-872050. It also addresses revised applicant ownership, citizenship, and residency requirements for 7(a) and 504 loans. The Government Accountability Office determined this to be a rule in a letter of opinion dated July 1, 2026. If passed, the specified rule shall have no force or effect.
Yes· 3 of 6
Would business owners be better off under this?+3
The resolution assists business owners by preventing more restrictive eligibility requirements for SBA 7(a) and 504 loans.
Does this make it easier to run a small business?+3
The resolution blocks SBA rules that would have imposed more stringent citizenship and residency requirements for 7(a) and 504 loan applicants.
Would Hispanic Americans be better off under this?+2
Preventing restrictive residency requirements can benefit immigrant-heavy entrepreneurship demographics.
The opposite
Does this give the federal government more power?-2
The resolution uses congressional disapproval to strip the Small Business Administration of the authority to implement its specific new rule.
Who it would affect, and how
Potential Positive Impacts for People
- The resolution seeks to stop the implementation of the Small Business Administration's rule regarding "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". By disapproving these rules, it prevents those specific requirements from having force or effect.
Potential Negative Impacts for People
- There are no specific negative consequences or burdens for individuals or groups of people explicitly detailed within the provided text of this resolution.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+3Good For Hispanic Americans+2Good For Immigrants+2
- Economy And Finance
- Improves Small Business Support+3Increases Job Creation+2
- Governance And Ideology
- Increases Federal Power-2
- Social Issues And Justice
- Improves Pathway To Citizenship+1
- 7/23/2026
- Referred to the House Committee on Small Business.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.