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Prohibiting SBA Aid to Businesses Linked with China

This new bill aims to prevent businesses affiliated with the People's Republic of China from receiving assistance from the U.S. Small Business Administration (SBA). This means companies incorporated in China or those with over 25% of voting stock owned by Chinese citizens or entities will not qualify for SBA programs. The goal is to protect American taxpayers and support domestic businesses.
Key points
Businesses located and incorporated in China will be ineligible for SBA assistance.
Companies with over 25% of voting stock owned by Chinese affiliates will also be excluded from SBA aid.
The changes ensure that public assistance is directed towards American small businesses.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_1081
Sponsor: Rep. Mills, Cory [R-FL-7]
Process start date: 2025-02-06
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Preventing SBA Assistance from Going to China Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_1081.

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 2025-02-06.

What are the main provisions?

Key points include:

  • Businesses located and incorporated in China will be ineligible for SBA assistance.
  • Companies with over 25% of voting stock owned by Chinese affiliates will also be excluded from SBA aid.
  • The changes ensure that public assistance is directed towards American small businesses.
What is the specific legal status?

The current status is Introduced.

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. Mills, Cory [R-FL-7].

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 2025-12-22.

CATEGORIES

Economy