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SJRES 202
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A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Small Business Administration relating to "Citizenship and Residency Requirements and Recission of Procedural Notice 5000-872050" and "Revised Applicant Ownership, Citizenship, and Residency Requirements for 7(a) and 504 Loans".

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Small Business Administration relating to ``Citizenship and Residency Requirements and Recission of Procedural Notice 5000-872050'' and ``Revised Applicant Ownership, Citizenship, and Residency Requirements for 7(a) and 504 Loans''.

Introduced Jul 23, 2026

Latest action (Jul 23, 2026) Read twice and referred to the Committee on Small Business and Entrepreneurship.

Referred to
Small Business and Entrepreneurship Committee
Policy area
Commerce
Issues
Immigration

Summary
  • Disapproves two Small Business Administration rules issued in February 2026 relating to citizenship and residency requirements for applicants seeking SBA 7(a) and 504 small business loans.
  • Nullifies the disapproved rules so they have no force or effect.
  • The disapproved rules were previously determined to be rules by the Government Accountability Office.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)

Actions (2)
  1. Jul 23, 2026 Read twice and referred to the Committee on Small Business and Entrepreneurship. · senate
  2. Jul 23, 2026 Introduced in Senate

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • HJRES 207 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Small Business Administration relating to "Citizenship and Residency Requirements and Recission of Procedural Notice 5000-872050" and "Revised Applicant Ownership, Citizenship, and Residency Requirements for 7(a) and 504 Loans". · Introduced Jul 23, 2026 · Cong. 119 87%
  • SJRES 112 — A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Industry and Security of the Department of Commerce relating to "One Year Suspension of Expansion of End-User Controls for Affiliates of Certain Listed Entities". · Introduced Apr 30, 2026 · Cong. 119 76%
  • SJRES 144 — A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to "Fair Credit Reporting Act; Preemption of State Laws". · Introduced Mar 25, 2026 · Cong. 119 75%
  • SJRES 145 — A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Fair Credit Reporting; Permissible Purposes for Furnishing, Using, and Obtaining Consumer Reports". · Introduced May 13, 2026 · Cong. 119 74%
  • SJRES 95 — A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Internal Revenue Service relating to "Interim Guidance Simplifying Application of the Corporate Alternative Minimum Tax to Partnerships". · Introduced Feb 10, 2026 · Cong. 119 72%
  • SJRES 126 — A joint resolution providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt". · Introduced May 13, 2026 · Cong. 119 72%

Text versions (1)
  • Introduced in Senate · Jul 23, 2026

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

IN THE SENATE OF THE UNITED STATES

July 23, 2026

Mr. Markey introduced the following joint resolution; which was read twice and referred to the Committee on Small Business and Entrepreneurship

JOINT RESOLUTION

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Small Business Administration relating to “Citizenship and Residency Requirements and Recission of Procedural Notice 5000-872050” and “Revised Applicant Ownership, Citizenship, and Residency Requirements for 7(a) and 504 Loans”.

Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That Congress disapproves the rule submitted by the Small Business Administration relating to “Citizenship and Residency Requirements and Recission of Procedural Notice 5000-872050” (issued February 2, 2026) and “Revised Applicant Ownership, Citizenship, and Residency Requirements for 7(a) and 504 Loans” (issued February 11, 2026), determined to be a rule in a letter of opinion by the Government Accountability Office dated July 1, 2026, and printed in the Congressional Record on July 14, 2026, on pages S3929 through S3931, and such rule shall have no force or effect. <all>

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