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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1081 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 1081
To prohibit certain business concerns from receiving assistance from
the Small Business Administration, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 6, 2025
Mr. Mills (for himself, Mr. Webster of Florida, Mr. Steube, Mr. Baird,
Mr. Buchanan, Mr. DesJarlais, and Mr. Perry) introduced the following
bill; which was referred to the Committee on Small Business
_______________________________________________________________________
A BILL
To prohibit certain business concerns from receiving assistance from
the Small Business Administration, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Preventing SBA Assistance from Going
to China Act''.
SEC. 2. PROHIBITION ON SMALL BUSINESS CONCERN AFFILIATION WITH THE
PEOPLE'S REPUBLIC OF CHINA.
Section 3(a) of the Small Business Act (15 U.S.C. 632(a)) is
amended by adding at the end the following:
``(10) Prohibition on affiliation with the people's
republic of china.--For purposes of this Act, a concern may not
be considered a small business concern if such concern is--
``(A) located and incorporated in the People's
Republic of China; or
``(B) has more than 25 percent of the voting stock
of the concern owned by affiliates that are citizens of
or organized under the laws of the People's Republic of
China.''.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Small Business.
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