A bill to clarify eligibility for small business loans, and for other purposes.

Read twice and referred to the Committee on Small Business and Entrepreneurship.

2026-04-28

The legislation would clarify which businesses qualify for federal small business loans by establishing clearer rules about what counts as a "small business." This would help entrepreneurs and business owners better understand whether they're eligible for government lending programs designed to help them start or expand their operations. The bill is currently being reviewed by the Senate's Small Business Committee.