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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”.
Key claim: H.J.Res.207 would disapprove SBA rules that revised citizenship, residency, and applicant-ownership requirements for 7(a) and 504 small business loans.
Abstract
(HJRES207 · 119th Congress) Latest action (2026-07-23): Referred to the House Committee on Small Business.
Why this matters
SBA 7(a) and 504 loans are a key capital source for small businesses, and eligibility rules tied to citizenship and residency directly determine which immigrant-owned businesses can access them. A successful CRA disapproval would roll back the revised eligibility framework, reverting to prior standards and reshaping loan access for lawful permanent residents, DACA recipients, and mixed-ownership firms.