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".

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Introduced 2026-07-23Topic: economy jobs · immigration

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This joint resolution would use the Congressional Review Act to reject a Small Business Administration rule. The rule, issued in two parts in February 2026, set citizenship and residency requirements for people who own businesses applying for SBA 7(a) and 504 loans, and it withdrew an earlier procedural notice. If passed, the rule would have no force or effect.

Full text and official record on Congress.gov

Action history

Date	Chamber	Action	Status effect
2026-07-23	Senate	Read twice and referred to the Committee on Small Business and Entrepreneurship.	refer
2026-07-23		Introduced in Senate	introduce

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