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Blocks Small Business Aid to China
Recent Bills/Blocks Small Business Aid to China

Blocks Small Business Aid to China

IntroducedFebruary 6, 2025
In Senate1 year ago
Intro
House
Senate
Pres
Sitting in the Senate Small Business Committee.
Most bills stop at this point and never get a vote.
More:Bills in the SenateEconomyHouse Bills
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?
  1. 1This bill prevents businesses tied to China from receiving help from the Small Business Administration.
  2. 2A business cannot be considered small if it is based in China or has significant Chinese ownership.
  3. 3The bill aims to protect American businesses from foreign competition.
  4. 4It specifically targets companies with over 25 percent ownership by Chinese citizens or organizations.
  5. 5This legislation is part of a broader effort to limit foreign influence in the U.S. economy.

Last changed 2 months ago · checked hourly

Bill Progress3 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
House
Senate
Pres
IntroducedFeb 6, 2025
Sponsors
See all 2 sponsors
House
SenateCurrent

Sitting in the Senate Small Business Committee.

Most bills stop at this point and never get a vote.

President

The President

Donald Trump
President
Awaiting Vote
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