What is the current status of HR 1081?

HR 1081 is currently: In Senate.

Who sponsored HR 1081?

HR 1081 was sponsored by Cory Mills (R), Rep.

IntroducedFebruary 6, 2025

In Senate5 months ago

Intro

House

Senate

Pres

In Senate committee

Why This Matters

This bill stops certain businesses connected to China from getting assistance from the Small Business Administration.

If you own a business with more than 25 percent Chinese ownership, you will not qualify for Small Business Administration assistance.

Who this affects

small business owners · entrepreneurs with ties to China

What changes is this bill making?

1This bill prevents businesses tied to China from receiving help from the Small Business Administration.
2A business cannot be considered small if it is based in China or has significant Chinese ownership.
3The bill aims to protect American businesses from foreign competition.
4It specifically targets companies with over 25 percent ownership by Chinese citizens or organizations.
5This legislation is part of a broader effort to limit foreign influence in the U.S. economy.