Preventing SBA Assistance from Going to China Act

This bill prohibits U.S. Small Business Administration (SBA) assistance - including loans, contracts, and other support - from going to small businesses that are either headquartered in China or have more than 25% of their voting stock owned by Chinese-affiliated entities. It directly affects small business concerns meeting either of these criteria, blocking their access to SBA programs. The bill amends the Small Business Act to add this restriction and requires the SBA to update its regulations (including specific sections of the Code of Federal Regulations) to implement the change. The policy change is a direct eligibility requirement for SBA programs, with no additional funding or program modifications.