House resolution to overturn new SBA loan requirements
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Table of Contents
A bill was introduced in the House of Representatives that would trigger a congressional disapproval of a recent rule change by the Small Business Administration (SBA).
Why it matters: This is an administrative action intended to block a change in how the SBA verifies the identity and residency status of people applying for business loans.
Who it affects
- Small business owners applying for SBA 7(a) or 504 loans
This information comes from Congress.gov regarding a bill directed at the Small Business Administration; readers should consult the official text before relying on this information.
Agency: House
Source: Congress.gov — read the official document