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Restricting SBA Aid for Businesses Linked to China

A new bill aims to prevent businesses affiliated with China from receiving assistance from the U.S. Small Business Administration (SBA). This means companies headquartered in China or with over 25% of their voting stock owned by Chinese citizens will be ineligible for U.S. small business support programs. The goal is to protect American taxpayers and support domestic enterprises.
Key points
Businesses headquartered in China will not receive SBA assistance.
Companies with over 25% of voting stock owned by Chinese citizens will be ineligible for SBA aid.
The SBA will need to update its regulations to implement these restrictions.
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Status:
Expired
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Additional Information
Preventing SBA Assistance from Going to China Act
Print number: HR 1138
Sponsor: Rep. Jacobs, Chris [R-NY-27]
Process start date: 2021-02-18
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Restricting SBA Aid for Businesses Linked to China

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 1138.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-02-18.

What are the main provisions?

Key points include:

  • Businesses headquartered in China will not receive SBA assistance.
  • Companies with over 25% of voting stock owned by Chinese citizens will be ineligible for SBA aid.
  • The SBA will need to update its regulations to implement these restrictions.

What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Jacobs, Chris [R-NY-27].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

Analysis and Potential Impact of HR 1138

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Economy