# 119-hr-8563: Investing in the American Dream Act

119-hr-8563, Investing in the American Dream Act, is a 119th Congress bill sponsored by Rep. Velázquez, Nydia M. [D-NY-7] (D-NY); status introduced; PRIA reads it as touching household money (as of 2026-10-24).

- Canonical: https://policyrisk.com/legislation/119-hr-8563
- As of: 2026-10-24
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8563
- Congress: 119
- Title: Investing in the American Dream Act
- Status: introduced
- Introduced: 2026-04-28
- Sponsor: Rep. Velázquez, Nydia M. [D-NY-7] (D-NY)
- Cosponsors: 26
- Policy area: Commerce
- Touches household money: yes
- Last recorded action: 2026-10-24

## Summary

**Expands access to Small Business Administration loan programs for certain lawfully present immigrants who are authorized to work.** This bill would define which loan types count and set ownership and control rules so eligible small businesses can qualify. - Small businesses located in the United States could qualify for a covered loan if they are at least 51% owned and controlled by U.S. citizens, nationals, or eligible individuals who are lawfully present and authorized to work at the time of application. - Eligible individuals are listed to include people granted asylum, refugees, lawful permanent residents (including conditional residents), certain nonimmigrant visa holders with unexpired authorized stays, those granted deferred action under the 2012 Department of Homeland Security memo covering individuals who came as children, and individuals whose principal residence is outside the United States. - The bill covers four types of covered loans: 7(a) guaranteed loans, 7(m) microloans, title V Small Business Investment Company guarantees, and SBA surety bond guarantees. It bars denying eligibility solely because owners are eligible individuals so long as the ownership and presence rules are met.

## Cosponsors (26)

- Rep. Blair, Everton [D-GA-13] (D-GA), 2026-10-22T00:00:00.000Z
- Rep. Olszewski, Johnny [D-MD-2] (D-MD), 2026-04-28T00:00:00.000Z
- Rep. Espaillat, Adriano [D-NY-13] (D-NY), 2026-04-28T00:00:00.000Z
- Rep. Meng, Grace [D-NY-6] (D-NY), 2026-04-28T00:00:00.000Z
- Rep. Min, Dave [D-CA-47] (D-CA), 2026-04-28T00:00:00.000Z
- Rep. Chu, Judy [D-CA-28] (D-CA), 2026-04-28T00:00:00.000Z
- Rep. Simon, Lateefah [D-CA-12] (D-CA), 2026-04-28T00:00:00.000Z
- Rep. Clarke, Yvette D. [D-NY-9] (D-NY), 2026-04-28T00:00:00.000Z
- Rep. Krishnamoorthi, Raja [D-IL-8] (D-IL), 2026-04-28T00:00:00.000Z
- Rep. Cisneros, Gilbert Ray [D-CA-31] (D-CA), 2026-04-28T00:00:00.000Z
- Rep. Latimer, George [D-NY-16] (D-NY), 2026-04-28T00:00:00.000Z
- Rep. Thanedar, Shri [D-MI-13] (D-MI), 2026-04-28T00:00:00.000Z
- Rep. McIver, LaMonica [D-NJ-10] (D-NJ), 2026-04-28T00:00:00.000Z
- Rep. McGarvey, Morgan [D-KY-3] (D-KY), 2026-04-28T00:00:00.000Z
- Rep. Scholten, Hillary J. [D-MI-3] (D-MI), 2026-04-28T00:00:00.000Z
- Rep. Tran, Derek [D-CA-45] (D-CA), 2026-04-28T00:00:00.000Z
- Rep. Morrison, Kelly [D-MN-3] (D-MN), 2026-04-28T00:00:00.000Z
- Rep. Pou, Nellie [D-NJ-9] (D-NJ), 2026-04-28T00:00:00.000Z
- Rep. Goldman, Daniel S. [D-NY-10] (D-NY), 2026-05-13T00:00:00.000Z
- Rescom. Hernández, Pablo Jose [D-PR-At Large] (D-PR), 2026-05-21T00:00:00.000Z
- Rep. Pallone, Frank [D-NJ-6] (D-NJ), 2026-05-21T00:00:00.000Z
- Rep. DeSaulnier, Mark [D-CA-10] (D-CA), 2026-05-21T00:00:00.000Z
- Rep. Salinas, Andrea [D-OR-6] (D-OR), 2026-06-02T00:00:00.000Z
- Rep. Craig, Angie [D-MN-2] (D-MN), 2026-06-09T00:00:00.000Z
- Rep. Mannion, John W. [D-NY-22] (D-NY), 2026-06-09T00:00:00.000Z
- Rep. McBride, Sarah [D-DE-At Large] (D-DE), 2026-06-15T00:00:00.000Z

## Provisions PRIA read

- More small-business loans for immigrant owners: benefit, high. If enacted, your small business would be eligible for certain SBA-backed loans if it is located in the United States and at least 51% owned and controlled by U.S. citizens or by eligible individuals. Covered loans would include SBA 7(a) loans, SBA 7(m) microloans, Title V Small Business Investment…

## Related bills

- 119-hr-51: Washington, D.C. Admission Act
- 119-hr-7973: Momnibus Act
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-15: Equality Act
- 119-hr-1810: Safe Schools Improvement Act
- 119-hr-14: John R. Lewis Voting Rights Advancement Act of 2025

## Sources
- [119-hr-8563 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8563)

## Related
- [119-hr-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-hr-51)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-15: Equality Act](https://policyrisk.com/legislation/119-hr-15)
- [119-hr-1810: Safe Schools Improvement Act](https://policyrisk.com/legislation/119-hr-1810)
- [119-hr-14: John R. Lewis Voting Rights Advancement Act of 2025](https://policyrisk.com/legislation/119-hr-14)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8563 (as of 2026-10-24).