Edward Markey (D-MA)
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".
A Democratic resolution with no cosponsors
Last activity — Read twice and referred to the Committee on Small Business and Entrepreneurship.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- 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
- Scored +2
Would business owners be better off under this?
The resolution prevents new ownership and residency restrictions that would have made it harder to secure SBA loans.
- Scored +2
Does this make it easier to run a small business?
The resolution removes potential barriers to obtaining 7(a) and 504 loans by disapproving stricter citizenship and ownership requirements.
- Scored +1
Would households on low incomes be better off under this?
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. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — The resolution prevents new ownership and residency restrictions that would have made it harder to secure SBA loans. Would Hispanic Americans be better off under this? — Preventing stricter residency requirements helps ensure that immigrant-led businesses maintain access to federal loan programs. Would immigrants be better off under this? — The bill prevents the implementation of rules that would have placed stricter citizenship and residency barriers on loan applicants. Would households on low incomes be better off under this? — Easier access to business loans can support local entrepreneurship often found in lower-income communities.
- Economy And Finance
- Does this make it easier to run a small business? — The resolution removes potential barriers to obtaining 7(a) and 504 loans by disapproving stricter citizenship and ownership requirements. Is this likely to create jobs? — By preventing new restrictive ownership and citizenship requirements for SBA loans, it may facilitate easier access to capital for business expansion.
- Governance And Ideology
- Does this leave more decisions to the states? — The resolution uses congressional oversight to limit the regulatory reach of a federal agency.
- Social Issues And Justice
- Does this make it easier for immigrants already here to become citizens? — The bill prevents rules that would have tightened citizenship and residency requirements for accessing small business loans.
- 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.