[Pages H2510-H2515]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                              {time}  0915
                AMERICAN ENTREPRENEURS FIRST ACT OF 2025

  Mr. WILLIAMS of Texas. Mr. Speaker, pursuant to House Resolution 458, 
I call up the bill (H.R. 2966) to require the Administrator of the 
Small Business Administration to require an applicant for certain loans 
of the Administration to provide certain citizenship status 
documentation, and for other purposes, and ask for its immediate 
consideration in the House.
  The Clerk read the title of the bill.
  The SPEAKER pro tempore. Pursuant to House Resolution 458, the 
amendment in the nature of a substitute recommended by the Committee on 
Small Business, printed in the bill, is adopted and the bill, as 
amended, is considered read.
  The text of the bill, as amended, is as follows:

                               H.R. 2966

       Be it enacted by the Senate and House of Representatives of 
     the United States of America in Congress assembled,

[[Page H2511]]

  


     SECTION 1. SHORT TITLE.

       This Act may be cited as the ``American Entrepreneurs First 
     Act of 2025''.

     SEC. 2. REQUIREMENTS FOR CITIZENSHIP STATUS DOCUMENTATION FOR 
                   CERTAIN LOAN PROGRAMS OF THE SMALL BUSINESS 
                   ADMINISTRATION.

       (a) In General.--The Administrator of the Small Business 
     Administration shall ensure that any application for a loan 
     submitted under section 7(a) of the Small Business Act (15 
     U.S.C. 636(a)) or title V of the Small Business Investment 
     Act of 1958 (15 U.S.C. 695 et seq.) includes the following 
     information:
       (1) The date of birth for each individual applicant for 
     such loan or for each individual owner of an applicant 
     concern.
       (2) Certification that--
       (A) an individual applicant for such loan is a citizen of 
     the United States, a national of the United States, or a 
     lawful permanent resident of the United States; or
       (B) an applicant concern for such loan or a guarantor for 
     such loan is 100 percent beneficially owned by individuals 
     who are either citizens of the United States, nationals of 
     the United States, or lawful permanent residents of the 
     United States.
       (3) Certification that no direct or indirect owner of an 
     applicant concern for such loan is an ineligible person.
       (4) Documentation of the alien registration number of any 
     lawful permanent resident who is--
       (A) an individual applicant for such loan; or
       (B) an owner of an applicant concern.
       (b) Prohibition.--An applicant for a loan under section 
     7(a) of the Small Business Act (15 U.S.C. 636(a)) or title V 
     of the Small Business Investment Act of 1958 (15 U.S.C. 695 
     et seq.) is ineligible for such loan if--
       (1) the applicant submits the application for such loan 
     after the date of the enactment of this Act and such 
     application does not contain the information required under 
     subsection (a);
       (2) in the case such applicant is an applicant concern, any 
     direct or indirect owner of such applicant concern is an 
     ineligible person; or
       (3) in the case such applicant is an individual applicant, 
     such applicant is an ineligible person.
       (c) Ineligible Person Defined.--In this Act, the term 
     ``ineligible person'' means--
       (1) an asylee;
       (2) a refugee;
       (3) an individual issued a visa to remain in the United 
     States;
       (4) an alien classified as a nonimmigrant under any 
     subparagraph of section 101(a)(15) of the Immigration and 
     Nationality Act (8 U.S.C. 1101(a)(15));
       (5) an alien to whom deferred action has been granted 
     pursuant to the Deferred Action for Childhood Arrivals policy 
     announced by the Secretary of Homeland Security on June 15, 
     2012; or
       (6) an alien present in the United States without lawful 
     status under the immigration laws (as such term is defined in 
     section 101(a) of the Immigration and Nationality Act (8 
     U.S.C. 1101(a))).

  The SPEAKER pro tempore. The bill, as amended, shall be debatable for 
1 hour equally divided and controlled by the chair and ranking minority 
member of the Committee on Small Business or their respective 
designees.
  The gentleman from Texas (Mr. Williams) and the gentlewoman from New 
York (Ms. Velazquez) each will control 30 minutes.
  The Chair now recognizes the gentleman from Texas.


                             General Leave

  Mr. WILLIAMS of Texas. Mr. Speaker, I ask unanimous consent that all 
Members may have 5 legislative days in which to revise and extend their 
remarks and submit extraneous material on the bill under consideration.
  The SPEAKER pro tempore. Is there objection to the request of the 
gentleman from Texas?
  There was no objection.
  Mr. WILLIAMS of Texas. Mr. Speaker, I yield myself such time as I may 
consume.
  Mr. Speaker, I rise today in support of H.R. 2966, the American 
Entrepreneurs First Act of 2025, introduced by Representative Van Duyne 
from the great State of Texas.
  For 4 years under the Biden-Harris administration, the SBA approved 
loans for illegal immigrants despite their ineligibility. This bill 
requires citizenship verification of SBA loan assistance applications 
to ensure that taxpayer-backed loans go only to American entrepreneurs.
  This Congress, the Committee on Small Business is working to carry 
out the Made in America agenda alongside the Trump administration. It 
is critical that we get the capital necessary for U.S.-owned small 
businesses to ensure they have everything they need to expand and grow.
  This bill codifies both President Trump's executive order to end 
taxpayer subsidization of open borders and Administrator Loeffler's SBA 
7(a) program guardrails put in place earlier this year.
  Mr. Speaker, I ask my colleagues to support this bill for Main Street 
America so Americans can achieve the dream of entrepreneurship and 
business ownership, and I reserve the balance of my time.
  Ms. VELAZQUEZ. Mr. Speaker, I yield myself such time as I may 
consume.
  Mr. Speaker, I rise in strong opposition to H.R. 2966, the American 
Entrepreneurs First Act.
  If we really wanted to put American entrepreneurs first, we would be 
debating a bill to strengthen SBA lending and make it easier to access 
capital, or we could stop playing political games and finally vote to 
exempt small businesses from these painful on-again, off-again tariffs. 
That would put American entrepreneurs first.
  Unfortunately, this bill does nothing to help small businesses grow 
or adjust to supply chain disruptions or unexpected tariff costs. 
Rather, it will actually make it harder for thousands of legally 
operating small businesses to get the financing they need at a time 
they need it most.
  SBA loans are supposed to help creditworthy businesses that cannot 
get loans elsewhere. That includes many immigrant-owned businesses, 
businesses that follow the rules, pay taxes, and create jobs in our 
communities.
  Let's set the record straight. First, the Small Business Act already 
prohibits the use of funds for individuals not lawfully within the 
United States. Contrary to any statement that my colleagues may make 
that Democrats have supported this, this is incorrect. The statute is 
clear. Secondly, there is no evidence, not a shred of evidence, that 
has been shared with Members of Congress, the public, the IG, or other 
law enforcement officials.
  My colleagues across the aisle keep claiming that the Administrator, 
along with DOGE, identified a case wherein an illegal alien--we will 
get to my thoughts on that term in a minute--received a nearly $1 
million loan despite holding only 49 percent ownership of a business.
  These allegations are unsubstantiated. We have seen no documents, 
data, or details that have been shared to support this claim. This 
claim reportedly came from DOGE, which immediately sets off alarm bells 
given the well-documented issues with privacy and accuracy since its 
inception.
  It is also troublesome that Republicans are blindly relying on the 
SBA Administrator's word. At our committee hearing the day before 
yesterday, all we heard from her was empty rhetoric and evasive 
answers. I would need to see some evidence before accepting her word on 
a case such as this.
  If we are being asked to enact such drastic measures without proper 
vetting or a thoughtful process, then we need more than her assurances. 
We need evidence. We need real facts, not fabricated ones, to back up 
these accusations.
  Republican support for this bill seems to be strictly based on this 
one case, but without the facts and circumstances, how can we know the 
truth?
  Oftentimes, my counterparts seem to refer to anyone born outside the 
U.S. as an ``illegal,'' but Democrats understand the nuances of 
immigration status. What they call an illegal may actually be a visa 
holder, a green card holder, or someone with DACA or TPS protections. 
Precision of language matters, especially when it involves accusations 
of fraud.
  That brings me to my next point. Without a full accounting of this 
case, we could be looking at an illegal rescission of loan funds made 
by the Trump administration. For all we know, the recipient of that 
loan was in compliance with the SBA rules at the time, rules that, I 
should note, were in place during the first Trump administration.
  Those rules required 51 percent ownership of a business by a citizen 
or permanent resident, meaning a 49 percent ownership stake by a short-
term resident, like a DACA recipient, was permissible if other 
requirements were met. It allowed a pathway for hardworking, documented 
persons to become entrepreneurs and give back to their communities.
  Is this administration simply misrepresenting the rules and calling 
foul for no reason; or are they the ones in the wrong by rescinding a 
loan that was issued lawfully; or is this all just a manufactured 
narrative? We may never

[[Page H2512]]

know because, despite repeated requests, the Administrator hasn't 
shared any information.

  On that note, if they have identified this as fraud or abuse, then 
there is a process in place to turn over these findings to the Office 
of Inspector General and other law enforcement for a full 
investigation. No such referral has occurred, and no SBA IG has yet 
been named after the illegal firing of Mike Ware, a respected watchdog 
praised by Democrats and Republicans alike.
  We also keep hearing about the need to protect taxpayers' money and 
ensure SBA loans go to deserving small businesses. I don't disagree, 
but I remind my colleagues that some of the individuals they refer to 
as ``illegals,'' which in many cases means people with TPS or DACA 
status, do pay taxes. They contribute to Social Security. The previous 
51 percent ownership rule recognized that and created a pathway for 
them to access some entrepreneurial assistance, but only as a minority 
partner with a permanent resident.
  This rule codifies the new rule that 100 percent of the business must 
now be owned by a U.S. citizen or permanent resident. That might sound 
reasonable until you hear the real-world consequences.
  Businesses could be shut out of SBA lending because of a foreign 
investor with less than 2 percent ownership. A husband and wife could 
not get a loan because one of them is a European citizen with an 
ownership interest in the business. Despite their clear commitment to 
creating local jobs and investing in their community, under this bill, 
they are also being penalized.
  The harm isn't limited to businessowners. The bill creates a new set 
of compliance burdens that SBA lenders are not equipped to handle. 
Banks will have to verify the citizenship status of every owner down to 
the last percentage point, something they have told us could expose 
them to legal risk under civil rights laws like the Equal Credit 
Opportunity Act.
  We have also heard concerns that the information collected under this 
bill could be shared with immigration enforcement. This could turn the 
SBA from a resource for all small businesses into an enforcement arm of 
DHS. That is not what the SBA is for.
  Finally, let me point out the double standard here. For years, 
Republicans have complained about regulations and reporting 
requirements being too burdensome for small businesses and lenders, but 
now they are ready to impose an incredibly complicated, mandatory, and 
invasive new compliance regime without offering any new resources to 
support it.

  This bill is about scoring political points at the expense of 
immigrant entrepreneurs. It sends a message that some people, no matter 
how hard they work or how closely they follow the rules, do not deserve 
the same shot at success. We should be expanding opportunity, not 
closing it off.
  Mr. Speaker, I urge my colleagues to reject this bill and stand up 
for the small businesses that make our communities stronger, and I 
reserve the balance of my time.
  Mr. WILLIAMS of Texas. Mr. Speaker, I yield such time as she may 
consume to the gentlewoman from the great State of Texas (Ms. Van 
Duyne).
  Ms. VAN DUYNE. Mr. Speaker, I thank the gentleman for yielding.
  Mr. Speaker, in the past 107 days since President Trump was 
inaugurated and Administrator Loeffler took the helm at the Small 
Business Administration, we have seen incredible strides toward 
streamlining services, eliminating waste, and ensuring that every 
taxpayer dollar delivers immeasurable results.
  Beyond tackling bloat, inefficiencies, and burdensome regulations, 
the administration has partnered with us to deliver real results for 
the American people.
  Today, congressional Republicans are partnering with them through my 
bill, the American Entrepreneurs First Act.
  We have heard this bill described this morning as complicated and as 
taking drastic measures. Drastic measures mean that the SBA is going to 
need new resources to be able to actually do their job.
  Simply put, all this does is say that when they are giving out SBA 
loans, they have to require age verification and citizenship status 
verification. That is it. How complicated and drastic is that? Verify 
age and citizenship status, that is it. It is codifying an important 
executive action that is already taking place.
  In recent months, it has been discovered that under the previous 
administration, lax safeguards have allowed illegal aliens, children, 
and even the deceased to apply for and receive SBA assistance.
  Thanks to the great work done by this administration, we learned that 
in June 2024, the SBA approved a $783,000 loan application for a small 
business that was owned by almost one-half, 49 percent, by an illegal 
alien.
  Further, they found that between 2020 and 2021, the SBA issued over 
3,000 loans totaling $333 million to borrowers over 115 years old--one 
more time, that is $333 million of taxpayer dollars that went to 
borrowers over 115 years old--and more than 5,500 loans totaling $300 
million to children under 11 years old. Is that where we want our 
dollars to be spent?
  We know, without a doubt, that the previous administration welcomed 
millions of illegal aliens into our country when, during the first 50 
days of the Trump administration, ICE made over 32,809 arrests, which 
included 14,111 convicted criminals, including 1,155 criminal gang 
members.

                              {time}  0930

  We cannot allow those kinds of folks who are in our country illegally 
to take money away from hardworking Americans who are applying for SBA 
taxpayer-backed loans.
  I am thankful to see that the tide is now turning and that we have a 
new day here in America, but it is important that we pass this 
legislation to protect the successes of this administration in the long 
term.
  Mr. Speaker, I urge my colleagues to join me in supporting the 
American Entrepreneurs First Act.
  Ms. VELAZQUEZ. Mr. Speaker, I yield myself such time as I may 
consume.
  Mr. Speaker, if this is so easy, then let's bring 1071 back. The type 
of information that it is requiring and that it is imposing lenders to 
provide is at the very front end, while 1071 is voluntary at the end of 
a loan being approved, then we are not burdening small businesses and 
lenders today.
  By the way, this bill likely violates the Equal Credit Opportunity 
Act. SBA lenders have already told us that they are likely to pull back 
from lending not to violate ECOA.
  Mr. Speaker, I yield 5 minutes to the gentlewoman from New Jersey 
(Mrs. McIver).
  Mrs. McIVER. Mr. Speaker, I thank my amazing Ranking Member Velazquez 
for yielding.
  Mr. Speaker, I rise today in strong opposition to H.R. 2966, a bill 
that does not serve our small business community, despite its name.
  At a time when local businesses are working hard to keep their doors 
open and their workers employed, this bill would make it even harder to 
access the capital they need to survive.
  By adding new documentation requirements around age and citizenship, 
it slows down the loan process and risks excluding legitimate 
applicants, particularly those from immigrant and mixed-status 
communities who already face steep challenges.
  Let's be honest about what this bill really does. It uses small 
business policy as a vehicle for immigration politics. That is not only 
misguided, it is harmful.
  Small businesses are still feeling the aftershock of inflation, 
supply chain breakdowns, and rising costs. We should be focused on 
helping them recover and grow, not creating new hoops for them to jump 
through.
  What is especially troubling is that this bill would lock into law a 
policy that was rolled out without enough input and with little regard 
for economic consequences.
  Immigrant businessowners start businesses at high rates. They create 
jobs. They invest in their communities. If we care about economic 
growth, we cannot afford to turn our backs on them.
  As someone who has worked closely with small business owners in 
immigrant communities, I have seen the resilience and determination 
they bring to our economy.
  This bill sends the wrong message and sets the wrong priorities. We

[[Page H2513]]

should be making it easier for small businesses to access the tools 
they need to thrive. That means focusing on the actual issues that they 
raise with us every day. Let me remind my colleagues on the other side 
that those issues would be inflation, access to capital, workforce 
shortages, and the lingering effects of--guess what, drumroll--tariffs.
  Mr. Speaker, I urge my colleagues to vote ``no'' on this bill.
  This bill does not put American businessowners first. In fact, it 
sets them back.
  Mr. WILLIAMS of Texas. Mr. Speaker, I yield such time as he may 
consume to the gentlemen from Texas (Mr. Cloud).
  Mr. CLOUD. Mr. Speaker, today the House advances another pillar of 
President Trump's America First agenda with the passage of the American 
Entrepreneurs First Act of 2025.
  This bill ensures that taxpayer-funded SBA loans are reserved for 
American small businesses, not illegal aliens, certainly not children 
or people who are dead.
  Americans are grateful to finally have a President in office who is 
protecting their taxpayer dollars and looking to weed out waste, fraud, 
and abuse. Billions of loans have been flagged for suspected fraud and 
ineligible applicants, including illegal aliens.
  The Trump administration has instituted a policy requiring SBA loan 
applications to include citizenship verification provisions. It is 
common sense. This bill codifies these Trump-era safeguards into law so 
that no future administration can turn Federal relief into a global 
giveaway.
  This is about ensuring we have the validation mechanisms in place to 
ensure the rule of law. It is about prioritizing Americans. It is about 
making sure that when a small business owner like those in Texas, or 
anywhere else, fills out an application, they know the system is fair 
and the resources are theirs to access.
  With every bill codifying President Trump's EOs, we are moving closer 
to a government that puts America first, protects American workers, and 
restores American sovereignty.
  Let's support this bill.
  Ms. VELAZQUEZ. Mr. Speaker, I yield myself such time as I may 
consume.
  Mr. Speaker, we have heard supporters of this bill say it is about 
protecting taxpayer dollars and stopping fraud, but the facts just 
don't back that up. There is no evidence that undocumented immigrants 
are getting loans they are not supposed to. In the one case Republicans 
like to cite, not prove, that has been provided, it is highly likely 
that DOGE and the current administration are confusing the rules that 
were in place at the time with the stricter 100 percent ownership 
requirement they imposed later.
  That is what this bill is really doing. It targets small business 
owners who are here legally, people like DACA recipients, visa holders, 
and refugees; people who are building businesses, creating jobs, and 
following every rule.
  Republicans also claim this bill is about accountability, when in 
reality it creates a mess for lenders. It forces them to track and 
verify the age and citizenship status of every single businessowner 
down to the last percentage point. It requires all of this information 
just to be considered for the loan, unlike the section 1071 rules which 
required voluntary reporting after the loan's origination. This bill 
makes compliance a requisite for obtaining a loan.

  I have to ask, after all of the complaints we have heard over the 
years about section 1071, how do my colleagues justify this now? How do 
my colleagues justify imposing this regulatory regime against lenders 
and borrowers?
  Right now small businesses are struggling. Tariffs are driving up the 
costs of goods. Supply chains are under pressure. Instead of giving 
entrepreneurs the tools they need to grow, this bill adds more barriers 
and more uncertainty. If it is to become law, it is going to hurt the 
very small businesses which it will be trying to help.
  Mr. Speaker, I reserve the balance of my time.
  Mr. WILLIAMS of Texas. Mr. Speaker, I yield such time as she may 
consume to the gentlewoman from Texas (Ms. Van Duyne).
  Ms. VAN DYNE. Mr. Speaker, we have heard a little bit of concerns 
about 1071. There is a huge difference between what we are requiring in 
this and what 1071 required. That was for all businesses, for all 
loans. It was not voluntary, and if businesses did not comply, they 
could actually be fined. What we are asking for is simply verification 
of legal status and age for companies that are applying for American 
taxpayer-backed loans.
  Now, this should not surprise anybody. This proposed rule increases 
lending security and ensures that taxpayer dollars are used well. 
Further, participating in government lending programs like the 7(a) 
program naturally involves complying with government rules. This is no 
different.
  U.S. taxpayer dollars back the SBA lending programs, and adding 
additional assurances, like age and legal status verification, making 
sure loans go to lawful citizens is just common sense.
  Lender concerns related to nationality discrimination are 
nonsensical. This law does not prohibit lending based on nationality 
but rather on legal residency or status.
  Ms. VELAZQUEZ. Mr. Speaker, I yield myself the balance of my time.
  Section 1071 the borrower can decline after the loan. The lender 
cannot get information from a trade group.
  Mr. Speaker, I include in the Record two letters in opposition to the 
bill, one from the Small Business Majority and another from UnidosUS.
                                                     June 5, 2025.
     Hon. Mike Johnson,
     Speaker, House of Representatives,
     Washington, DC.
     Hon. Roger Williams,
     Chairman, Committee on Small Business,
     House of Representatives, Washington, DC.
     Hon. Hakeem Jeffries,
     Minority Leader, House of Representatives,
     Washington, DC.
     Hon. Nydia Velazquez,
     Ranking Member, Committee on Small Business,
     House of Representatives, Washington, DC.
       Dear Speaker Johnson, Chairman Williams, Minority Leader 
     Jeffries and Ranking Member Velazquez: As a representative of 
     America's 34 million small businesses, Small Business 
     Majority writes to express our opposition to H.R. 2931, the 
     Save SBA from Sanctuary Cities Act of 2025, and H.R. 2966, 
     the American Entrepreneurs First Act.
       Amid an increasingly more difficult economic environment, 
     the federal government should do everything it can to meet 
     small businesses where they are, which is why H.R. 2931 is an 
     example of a policy proposal that would be ineffective at 
     best and harmful at worst. The bill, which would require the 
     U.S. Small Business Administration (SBA) to relocate any 
     regional, district or local SBA office housed in a `sanctuary 
     jurisdiction', ignores the fact that millions of small 
     businesses are located in or near cities that could be 
     designated as a `sanctuary jurisdiction.' Moving offices 
     farther away from the small businesses they were intended to 
     support certainly would not facilitate SBA better servicing 
     these small firms. What's more, there is no evidence to even 
     suggest that a city's policy toward immigrants has any 
     relationship to its ability to effectively meet the needs of 
     local small businesses. With that in mind, we strongly 
     encourage members of the House of Representatives to ignore 
     distractions like H.R. 2931 and focus on policies that would 
     truly benefit America's entrepreneurs.
       In addition to ongoing efforts to shutter regional offices, 
     with no detailed or communicated plans as to where those 
     offices will be relocated or when, SBA has also slashed its 
     workforce by 43%, further restricting the agency's ability to 
     meet the growing demands of today's small businesses. Recent 
     national polling found that 78% of small business owners are 
     concerned about cuts to the SBA and its programs. Nearly 8 in 
     10 small business owners report having used SBA programs for 
     their business.
       Also up for consideration is H.R. 2966, the American 
     Entrepreneurs First Act, which doesn't live up to its name. 
     Some small businesses that are majority owned by Americans 
     have foreign investors, and under this bill those businesses 
     would be denied access to critical Small Business 
     Administration resources. What's more, this legislation 
     ignores the fact that immigrant communities are a vital hub 
     of entrepreneurial activity in the United States. Immigrants 
     who may not yet be citizens employ American citizens and pay 
     taxes to the United States government; they too deserve 
     access to Small Business Administration resources. Small 
     Business Majority strongly supports uplifting immigrant 
     communities working in good faith to obtain U.S. citizenship. 
     These bills will lead to less vibrant communities and fewer 
     Main Street business opportunities for many in search of the 
     American Dream. Congress should do all it can to support 
     America's job creators, not pick and choose winners within 
     the small business community based on nothing more than where 
     a small business owner was born.
       We urge your office to oppose H.R. 2931 and H.R. 2966 as 
     both proposals undermine the

[[Page H2514]]

     SBA's capacity to carry out its mission and strip resources 
     away from hundreds of thousands of entrepreneurs.
           Sincerely,
                                                  John Arensmeyer,
     Founder & CEO, Small Business Majority.
                                  ____

                                             Tuesday June 3, 2025.
       Dear Hill Colleague, On behalf of UnidosUS, we urge Members 
     to vote NO on both the Save SBA from Sanctuary Cities Act 
     (H.R. 2931) and the American Entrepreneurs First Act (H.R. 
     2966).
       H.R. 2931 represents an unacceptable politicization of the 
     Small Business Administration (SBA), proposing to strip vital 
     SBA resources from so-called ``sanctuary'' jurisdictions. 
     This would deny millions of small businesses, especially 
     those in underserved communities, access to essential 
     services such as loans, disaster relief, and technical 
     assistance, simply based on where they are located. These are 
     businesses already navigating high prices and ongoing 
     economic instability caused by the chaotic policies of the 
     administration. Punishing them because their local 
     governments instituted policies to draw a line between local 
     law enforcement responsibilities and federal immigration 
     enforcement will only deepen inequities and disrupt local 
     economies.
       H.R. 2966 adds insult to injury by imposing sweeping new 
     restrictions on SBA loan eligibility, explicitly excluding 
     entrepreneurs with certain immigration statuses--including 
     asylees, refugees, DACA recipients, visa holders, and 
     undocumented individuals. Many of these individuals are 
     lawfully present in the U.S. and are creating jobs, paying 
     taxes, and helping their communities thrive. Shutting them 
     out of SBA programs undermines entrepreneurship, limits 
     innovation, and weakens our long-term economic 
     competitiveness.
       Immigrant entrepreneurs open businesses at higher rates 
     than native born Americans and Latino-owned businesses 
     contribute almost $800 billion to the nation's economy. And 
     as we noted in our 2024 analysis on Latina Equal Pay Day, 
     Latinas are key drivers of the U.S. economy. Their economic 
     output exceeds $1.3 trillion, surpassing the GDP of Florida, 
     and they own over a quarter of all Latino-owned businesses. 
     Yet despite these contributions, Latinas face profound 
     structural barriers, earning just 58 cents for every dollar 
     earned by non-Hispanic white men, and with nearly two-thirds 
     lacking access to employer-based benefits. These challenges 
     would be compounded by H.R. 2931 and H.R. 2966, which 
     threaten to strip away the limited federal support many 
     Hispanic entrepreneurs and workers can access.
       By excluding entire categories of immigrant entrepreneurs, 
     these bills risk driving more individuals into the shadow 
     economy, undermining transparency and accountability. States 
     and localities have a strong interest in knowing which 
     businesses are operating in their communities, including 
     street vendors and other informal enterprises. Instead of 
     supporting these efforts, the legislation would make it 
     harder to identify and engage such businesses, ultimately 
     hindering local economic development and effective 
     regulation.
       Together, these bills are part of a broader effort to 
     scapegoat immigrants, even when doing so comes at the direct 
     expense of American small businesses and working families. We 
     urge Members to reject this harmful and short-sighted agenda 
     by voting NO on H.R. 2931 and H.R. 2966.

  Ms. VELAZQUEZ. Mr. Speaker, let me say that H.R. 2966 will not 
improve SBA lending or support small businesses. This bill creates new 
barriers, targets legally operating entrepreneurs, and burdens lenders 
with requirements they aren't equipped to meet. Small businesses are 
struggling.
  This administration's trade policies have increased uncertainty and 
made it nearly impossible for many small firms to do business. The 
small businesses in my district and those that have reached out to my 
committee are not asking for this legislation. They want stability, and 
they want more support.
  This bill risks making things worse by reducing access to capital for 
many small businesses that are following the rules. We should be 
working together to lift these businesses up, not passing laws to 
punish them.
  I urge my colleagues to vote ``no'' on this bill and focus instead on 
solutions that will truly help American small businesses.
  Let me say, they brought this bill to the floor without a single 
hearing, no expert witnesses, no nothing.
  Mr. Speaker, I yield back the balance of my time.
  Mr. WILLIAMS of Texas. Mr. Speaker, I urge all Members to vote 
``yes'' on this commonsense legislation, the American Entrepreneurs 
First Act. We need to put the guardrails up to support Main Street 
America.
  Mr. Speaker, I yield back the balance of my time.
  The SPEAKER pro tempore. All time for debate has expired.
  Pursuant to House Resolution 458, the previous question is ordered on 
the bill, as amended.
  The question is on the engrossment and third reading of the bill.
  The bill was ordered to be engrossed and read a third time, and was 
read the third time.
  The SPEAKER pro tempore. The question is on passage of the bill.
  The question was taken; and the Speaker pro tempore announced that 
the ayes appeared to have it.
  Ms. VELAZQUEZ. Mr. Speaker, on that I demand the yeas and nays.
  The yeas and nays were ordered.
  The vote was taken by electronic device, and there were--yeas 217, 
nays 190, not voting 25, as follows:

                             [Roll No. 156]

                               YEAS--217

     Aderholt
     Alford
     Allen
     Amodei (NV)
     Arrington
     Babin
     Bacon
     Baird
     Balderson
     Barr
     Barrett
     Baumgartner
     Bean (FL)
     Begich
     Bentz
     Bergman
     Bice
     Biggs (AZ)
     Biggs (SC)
     Bilirakis
     Boebert
     Bost
     Brecheen
     Bresnahan
     Burchett
     Burlison
     Calvert
     Cammack
     Carey
     Carter (GA)
     Carter (TX)
     Ciscomani
     Cline
     Cloud
     Clyde
     Cole
     Collins
     Crane
     Crank
     Crawford
     Cuellar
     Davidson
     Davis (NC)
     DesJarlais
     Diaz-Balart
     Donalds
     Downing
     Dunn (FL)
     Edwards
     Ellzey
     Emmer
     Estes
     Evans (CO)
     Ezell
     Fallon
     Fedorchak
     Feenstra
     Fine
     Finstad
     Fischbach
     Fitzgerald
     Fitzpatrick
     Fleischmann
     Flood
     Fong
     Foxx
     Franklin, Scott
     Fry
     Fulcher
     Garbarino
     Gill (TX)
     Gillen
     Goldman (TX)
     Gonzales, Tony
     Gooden
     Gosar
     Graves
     Green (TN)
     Greene (GA)
     Griffith
     Grothman
     Guest
     Guthrie
     Hageman
     Harder (CA)
     Haridopolos
     Harrigan
     Harris (MD)
     Harris (NC)
     Harshbarger
     Hern (OK)
     Higgins (LA)
     Hill (AR)
     Hinson
     Houchin
     Hudson
     Huizenga
     Hunt
     Hurd (CO)
     Issa
     Jack
     Jackson (TX)
     James
     Johnson (LA)
     Johnson (SD)
     Jordan
     Joyce (OH)
     Joyce (PA)
     Kaptur
     Kean
     Kelly (MS)
     Kelly (PA)
     Kennedy (UT)
     Kiggans (VA)
     Kiley (CA)
     Kim
     Knott
     Kustoff
     LaHood
     LaLota
     LaMalfa
     Langworthy
     Latta
     Lawler
     Letlow
     Loudermilk
     Lucas
     Luna
     Luttrell
     Mace
     Mackenzie
     Malliotakis
     Maloy
     Mann
     Massie
     Mast
     McCaul
     McClain
     McClintock
     McCormick
     McDonald Rivet
     McDowell
     McGuire
     Messmer
     Miller (IL)
     Miller (OH)
     Miller (WV)
     Mills
     Moolenaar
     Moore (NC)
     Moore (UT)
     Moore (WV)
     Moran
     Murphy
     Nehls
     Newhouse
     Norman
     Nunn (IA)
     Obernolte
     Ogles
     Onder
     Owens
     Palmer
     Patronis
     Perez
     Perry
     Pfluger
     Reschenthaler
     Rogers (AL)
     Rogers (KY)
     Rose
     Rouzer
     Roy
     Rulli
     Rutherford
     Salazar
     Scalise
     Schmidt
     Schweikert
     Scott, Austin
     Self
     Sessions
     Shreve
     Simpson
     Smith (MO)
     Smith (NE)
     Smith (NJ)
     Smucker
     Spartz
     Stauber
     Stefanik
     Steil
     Steube
     Strong
     Stutzman
     Suozzi
     Taylor
     Tenney
     Thompson (PA)
     Tiffany
     Timmons
     Turner (OH)
     Valadao
     Van Drew
     Van Duyne
     Wagner
     Walberg
     Weber (TX)
     Webster (FL)
     Westerman
     Wied
     Williams (TX)
     Wilson (SC)
     Wittman
     Womack
     Yakym
     Zinke

                               NAYS--190

     Adams
     Aguilar
     Amo
     Auchincloss
     Balint
     Barragan
     Beatty
     Bell
     Bera
     Beyer
     Bishop
     Bonamici
     Boyle (PA)
     Brown
     Brownley
     Budzinski
     Bynum
     Carbajal
     Carson
     Carter (LA)
     Casar
     Case
     Casten
     Castor (FL)
     Castro (TX)
     Cherfilus-McCormick
     Chu
     Cisneros
     Clark (MA)
     Cleaver
     Clyburn
     Cohen
     Conaway
     Correa
     Costa
     Courtney
     Craig
     Crockett
     Crow
     Davids (KS)
     Davis (IL)
     Dean (PA)
     DeGette
     DeLauro
     DelBene
     Deluzio
     DeSaulnier
     Dexter
     Dingell
     Doggett
     Elfreth
     Escobar
     Espaillat
     Evans (PA)
     Fields
     Figures
     Fletcher
     Foster
     Foushee
     Frankel, Lois
     Friedman
     Frost
     Garamendi
     Garcia (CA)
     Garcia (IL)
     Garcia (TX)
     Golden (ME)
     Gomez
     Gonzalez, V.
     Goodlander
     Gray
     Green, Al (TX)
     Hayes
     Himes
     Horsford
     Houlahan
     Hoyer
     Huffman
     Ivey
     Jackson (IL)
     Jacobs
     Jayapal
     Jeffries
     Johnson (GA)
     Johnson (TX)
     Keating
     Kelly (IL)
     Kennedy (NY)
     Khanna
     Krishnamoorthi
     Landsman
     Larsen (WA)
     Larson (CT)
     Latimer
     Lee (NV)
     Lee (PA)
     Leger Fernandez
     Levin
     Liccardo
     Lieu
     Lofgren
     Lynch
     Magaziner
     Mannion
     Matsui
     McBath
     McBride
     McClellan
     McCollum
     McGarvey
     McGovern
     McIver
     Meeks
     Menendez
     Meng
     Mfume
     Min
     Morelle
     Morrison
     Moskowitz
     Moulton
     Mrvan
     Nadler
     Neal
     Neguse
     Ocasio-Cortez
     Olszewski
     Pallone
     Panetta
     Pappas
     Pelosi
     Peters
     Pettersen
     Pocan
     Pou
     Pressley
     Quigley
     Ramirez
     Randall
     Raskin
     Riley (NY)
     Rivas
     Ross

[[Page H2515]]


     Ruiz
     Ryan
     Salinas
     Sanchez
     Scanlon
     Schakowsky
     Schneider
     Scholten
     Schrier
     Scott (VA)
     Scott, David
     Sewell
     Sherman
     Simon
     Smith (WA)
     Sorensen
     Soto
     Stansbury
     Stanton
     Stevens
     Strickland
     Subramanyam
     Swalwell
     Sykes
     Takano
     Thanedar
     Thompson (CA)
     Thompson (MS)
     Titus
     Tokuda
     Tonko
     Torres (CA)
     Torres (NY)
     Trahan
     Tran
     Underwood
     Vargas
     Vasquez
     Veasey
     Velazquez
     Vindman
     Wasserman Schultz
     Waters
     Watson Coleman
     Whitesides
     Williams (GA)
     Wilson (FL)

                             NOT VOTING--25

     Ansari
     Buchanan
     Clarke (NY)
     Comer
     Crenshaw
     De La Cruz
     Gimenez
     Goldman (NY)
     Gottheimer
     Hamadeh (AZ)
     Hoyle (OR)
     Kamlager-Dove
     Lee (FL)
     McClain Delaney
     Meuser
     Miller-Meeks
     Moore (AL)
     Moore (WI)
     Mullin
     Norcross
     Omar
     Pingree
     Sherrill
     Tlaib
     Van Orden

                              {time}  1015

  Ms. STEVENS changed her vote from ``yea'' to ``nay.''
  So the bill was passed.
  The result of the vote was announced as above recorded.
  A motion to reconsider was laid on the table.
  Stated against:
  Ms. MOORE of Wisconsin. Mr. Speaker, I missed the Roll Call today. 
Had I been present, I would have voted NAY on Roll Call No. 156, H.R. 
2966.
  Ms. ANSARI. Mr. Speaker, I was unable to attend today's vote. Had I 
been present, I would have voted NAY on Roll Call No. 156.

                          ____________________