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Who's moving immigration · small business in United States
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This bill directs the Small Business Administration to create educational resources for small business owners and employees regarding their rights and responsibilities during immigration enforcement actions. The SBA must develop online modules, a physical card, and planning guides that explain how to respond to searches or arrests, including the constitutional right to remain silent and consult a lawyer. These materials will be made available in English and the 15 most commonly spoken languages in the U.S., with content reviewed by legal experts and government agencies to ensure accuracy.
The Investing in the American Dream Act expands eligibility for Small Business Administration loans to include businesses owned by certain immigrants, such as refugees, asylees, and individuals with deferred action. To qualify, these businesses must be located in the United States and at least 51 percent owned and controlled by U.S. citizens or nationals of the United States. The law explicitly states that businesses meeting these ownership and location requirements cannot be denied loans solely because they are owned by eligible immigrants. Additionally, the bill clarifies that it does not grant the SBA authority to increase the 51 percent ownership threshold for any type of loan.
The Investing in the American Dream Act expands eligibility for Small Business Administration loans to include small businesses owned by certain non-citizens. Specifically, it allows businesses to qualify if they are at least 51 percent owned and controlled by individuals who are lawfully present in the United States and authorized to work, such as refugees, asylees, permanent residents, and specific nonimmigrant visa holders. The bill also permits businesses owned by individuals living outside the United States to apply for these loans. This change aims to broaden access to federal financial support for small enterprises by removing previous restrictions based on the citizenship or permanent residency status of the business owners.
