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119-sjres-202119th Congress

A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Small Business Administration relating to "Citizenship and Residency Requirements and Recission of Procedural Notice 5000-872050" and "Revised Applicant Ownership, Citizenship, and Residency Requirements for 7(a) and 504 Loans".

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

Introduced

Summary

Nullifies two SBA rules on citizenship, residency, and ownership for 7(a) and 504 loans. Those rules are titled "Citizenship and Residency Requirements and Recission of Procedural Notice 5000-872050" (Feb. 2, 2026) and "Revised Applicant Ownership, Citizenship, and Residency Requirements for 7(a) and 504 Loans" (Feb. 11, 2026), and the resolution preserves the prior eligibility and procedural framework for these loan programs.

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Bill Overview

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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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