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".

Key Points

• This resolution tries to stop two rules created by the Small Business Administration in early 2026. Those rules changed the requirements for who can get government-backed loans based on their citizenship or where they live.
• If this measure passes, the SBA rules would be canceled immediately. The agency would not be allowed to create similar rules again unless Congress passes a new law giving them permission.
• The rules affect the 7(a) and 504 loan programs. These are the main ways the government helps small business owners get the money they need to start or grow their companies.
• Lawmakers are using a special tool called the Congressional Review Act to try and block these changes. This happens after a government watchdog group reviewed the rules and issued an official opinion about them in July 2026.

Impact Analysis

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