Bill · S.J.Res. 202· Senate(119-SJRES-202)
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".
- Introduced
- 7/23/2026
- Last activity
- 7/23/2026 — Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Sponsored by
- Edward Markey
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This joint resolution aims to overturn specific rules issued by the Small Business Administration. It targets rules regarding citizenship and residency requirements as well as revised ownership requirements for 7(a) and 504 loans. The Government Accountability Office determined these rules were subject to congressional disapproval. If passed, the resolution would ensure these rules have no force or effect.
Yes· 3 of 8
Would business owners be better off under this?+2
The resolution prevents new ownership and residency restrictions that would have made it harder to secure SBA loans.
Does this make it easier to run a small business?+2
The resolution removes potential barriers to obtaining 7(a) and 504 loans by disapproving stricter citizenship and ownership requirements.
Would households on low incomes be better off under this?+1
Easier access to business loans can support local entrepreneurship often found in lower-income communities.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Prevents implementation of new SBA requirements: By disapproving the rules related to "Citizenship and Residency Requirements" and "Revised Applicant Ownership, Citizenship, and Residency Requirements for 7(a) and 504 Loans," the resolution stops these specific regulations from taking effect.
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+2Good For Hispanic Americans+1Good For Immigrants+1Good For Low Income Households+1
- Economy And Finance
- Improves Small Business Support+2Increases Job Creation+1
- Governance And Ideology
- Increase States Rights+1
- Social Issues And Justice
- Improves Pathway To Citizenship+1
- 7/23/2026
- Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Introduced in Senate
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.