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119-s-3884119th CongressWALLET

Small Business ICE Disruption Fund Act

Sponsored By: Senator Markey, Edward J. [D-MA]

Introduced

Summary

This bill would create the Small Business ICE Disruption Fund to provide grants to small businesses for revenue losses tied to Federal immigration enforcement actions. It sets who can apply, how losses are measured, and funds the program with a specified appropriation.

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  • Small businesses located where a Federal immigration enforcement action occurred within the last year can apply if they can show an immigration enforcement-related revenue loss of at least 25 percent. Grants are equal to the verified revenue loss and applicants must certify they received no other compensation for those losses.
  • Businesses that own or operate more than 15 locations or are publicly traded are not eligible. Awards to a single eligible entity and its affiliates are capped at $1,000,000 total and $500,000 per physical location.
  • The Small Business Administration would administer the fund, award grants in the order applications are received, and run fraud checks such as requiring an Employer Identification Number or Social Security Number, verifying tax returns, and cross-checking government databases.

*If enacted, this bill would appropriate $200 million for FY2026 to fund the program, thereby increasing federal spending by that amount.*

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Bill Overview

Analyzed Economic Effects

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

Grants for small businesses after immigration enforcement

If enacted, this bill would create the Small Business ICE Disruption Fund and provide $200 million for fiscal year 2026. Small businesses in areas with a Federal immigration enforcement action within the last year would be able to apply. You would need to show revenue dropped by at least 25 percent because of the enforcement action. Grants would pay verified lost revenue (the positive difference between a comparable period and the affected period), capped at $500,000 per physical location and $1,000,000 per business. Publicly traded companies and businesses that together with affiliates operate more than 15 locations as of enactment would be excluded. The SBA Administrator would award grants in application order and require a certification, tax return verification, a business identifier (EIN or SSN), and other fraud checks.

Sponsors & CoSponsors

Sponsor

Markey, Edward J. [D-MA]

MA • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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