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".

This joint resolution would use the Congressional Review Act to cancel a Small Business Administration rule. The rule, issued in two parts on February 2 and February 11, 2026, set citizenship and residency requirements for small business loans and changed applicant ownership requirements for the SBA's 7(a) and 504 loan programs. Under the resolution, the rule would have no force or effect.

Full text and official record on Congress.gov

Sponsors

• Nydia M. Velázquez Democrat sponsor
• 0 cosponsors