American Entrepreneurs First Act of 2025
Also known as American Entrepreneurs First Act
Where it stands
- Introduced4/17/25
- Passed HousePassed 6/6/25
- Senate
- President
- Law
Passed the House 217–190 on June 6, 2025 (Roll Call 156 →). Received in the Senate on June 9, 2025. No Senate action since.
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Roll calls on this bill
- Democratic8 Yea · 190 Nay · 14 Not voting
- Republican209 Yea · 0 Nay · 11 Not voting
- Independent / Other0 Yea · 0 Nay · 0 Not voting
American Entrepreneurs First Act
This bill revises the application requirements for the Small Business Administration's 7(a) loan and 504 loan programs.
Specifically, the bill requires applications for such loans to include (1) the applicant's date of birth; and (2) a certification that the applicant or all beneficial owners are citizens, nationals, or lawful permanent residents of the United States.
The bill specifies that certain individuals are ineligible for such loans, including (1) asylees, (2) refugees, (3) individuals issued a visa to remain in the United States, (4) individuals legally classified as nonimmigrants, (5) individuals to whom deferred action has been granted pursuant to the Deferred Action for Childhood Arrivals, and (6) individuals without lawful status under the immigration laws of the United States.
What happens next
The Senate must pass the same text, then it goes to the President.
If it isn't enacted by Jan 3, 2027, it expires when the 119th Congress ends.
All actions (15)
- 4/17/25Introduced in House
- 4/17/25Referred to the House Committee on Small Business.
- 4/30/25Committee Consideration and Mark-up Session Held
- 4/30/25Ordered to be Reported (Amended) by the Yeas and Nays: 15 - 11.
- 5/21/25Reported (Amended) by the Committee on Small Business. H. Rept. 119-112.
- 5/21/25Placed on the Union Calendar, Calendar No. 83.
- 6/3/25Rules Committee Resolution H. Res. 458 Reported to House. Rule provides for consideration of H.R. 2483, H.R. 2931, H.R. 2966 and H.R. 2987. The resolution provides for consideration of H.R. 2483 under a structured rule and for consideration of H.R. 2931, H.R. 2966, and H.R. 2987 under a closed rule. The resolution provides for one hour of debate and one motion to recommit on each bill.
- 6/6/25Considered under the provisions of rule H. Res. 458. (consideration: CR H2510-2515)
- 6/6/25Rule provides for consideration of H.R. 2483, H.R. 2931, H.R. 2966 and H.R. 2987. The resolution provides for consideration of H.R. 2483 under a structured rule and for consideration of H.R. 2931, H.R. 2966, and H.R. 2987 under a closed rule. The resolution provides for one hour of debate and one motion to recommit on each bill.
- 6/6/25DEBATE - The House proceeded with one hour of debate on H.R. 2966.
- 6/6/25The previous question was ordered pursuant to the rule.
- 6/6/25Passed/agreed to in House: On passage Passed by the Yeas and Nays: 217 - 190 (Roll no. 156).
- 6/6/25On passage Passed by the Yeas and Nays: 217 - 190 (Roll no. 156). (text: CR H2510-2511)
- 6/6/25Motion to reconsider laid on the table Agreed to without objection.
- 6/9/25Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.