PRIA Logo™
119-hr-1081119th CongressWALLET

Preventing SBA Assistance from Going to China Act

Sponsored By: Representative Mills, Cory [R-FL-7]

Introduced

Summary

Prevents companies tied to the People's Republic of China from qualifying as small businesses for SBA programs. This bill would add a new rule to the Small Business Act that bars a concern from being treated as a small business for SBA purposes if it is incorporated and located in the People's Republic of China or if affiliates that are citizens of or organized under PRC law own more than 25% of its voting stock.

Show full summary
  • Firms incorporated and located in the People's Republic of China would be excluded from small-business status under the Small Business Act and thus from SBA assistance tied to that status.
  • Businesses with over 25% of voting stock owned by PRC-affiliated entities would lose small-business designation and become ineligible for SBA programs that depend on that designation.
  • The change applies only for purposes of the Small Business Act, so it specifically alters who counts as a small business for SBA eligibility decisions and does not rewrite other federal definitions.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

No SBA help for China-linked firms

This bill would change who counts as a small business for SBA programs. A firm located and incorporated in China would not count as a small business. A firm would also be ineligible if affiliates that are citizens of, or organized under the laws of, the People’s Republic of China own over 25% of its voting stock. This would block those firms from SBA loans, set-asides, and certifications. It would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Mills, Cory [R-FL-7]

FL • R

Cosponsors

  • Rep. Webster, Daniel [R-FL-11]

    FL • R

    Sponsored 2/6/2025

  • Rep. Steube, W. Gregory [R-FL-17]

    FL • R

    Sponsored 2/6/2025

  • Rep. Baird, James R. [R-IN-4]

    IN • R

    Sponsored 2/6/2025

  • Rep. Buchanan, Vern [R-FL-16]

    FL • R

    Sponsored 2/6/2025

  • Rep. DesJarlais, Scott [R-TN-4]

    TN • R

    Sponsored 2/6/2025

  • Rep. Perry, Scott [R-PA-10]

    PA • R

    Sponsored 2/6/2025

  • Rep. Jackson, Ronny [R-TX-13]

    TX • R

    Sponsored 2/27/2025

  • Rep. Higgins, Clay [R-LA-3]

    LA • R

    Sponsored 2/27/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation