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".
The source supplies the latest action, but no lifecycle stage.
Latest action (23 Jul 2026): Referred to the House Committee on Small Business.
What this bill does
This joint resolution, H.J.Res. 207, proposes that Congress express disapproval of specific rules issued by the Small Business Administration (SBA). These rules concern citizenship and residency requirements for applicants seeking loans under the SBA's 7(a) and 504 programs. If enacted, the resolution would nullify these SBA rules, preventing them from taking effect.
The bill specifically targets rules related 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." These rules, issued by the SBA in February 2026, would no longer be in effect if Congress disapproves them through this resolution. The resolution is framed as a disapproval of a rule determined by the Government Accountability Office.
H.J.Res. 207 was introduced in the House of Representatives on July 23, 2026, by Representative Nydia Velázquez. It has been referred to the Committee on Small Business. As of its introduction, its only action has been this referral. The next steps would involve the committee reviewing the resolution, potentially holding hearings, and then deciding whether to advance it to the full House for a vote.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
23 Jul 2026
Referred to the House Committee on Small Business.
Common questions
- What does H.J.Res. 207 do?
- This joint resolution, H.J.Res. 207, proposes that Congress express disapproval of specific rules issued by the Small Business Administration (SBA). These rules concern citizenship and residency requirements for applicants seeking loans under the SBA's 7(a) and 504 programs. If enacted, the resolution would nullify these SBA rules, preventing them from taking effect. The bill specifically targets rules related 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." These rules, issued by the SBA in February 2026, would no longer be in effect if Congress disapproves them through this resolution. The resolution is framed as a disapproval of a rule determined by the Government Accountability Office. H.J.Res. 207 was introduced in the House of Representatives on July 23, 2026, by Representative Nydia Velázquez. It has been referred to the Committee on Small Business. As of its introduction, its only action has been this referral. The next steps would involve the committee reviewing the resolution, potentially holding hearings, and then deciding whether to advance it to the full House for a vote.
- Has H.J.Res. 207 become law?
- The source does not supply a confirmed lifecycle stage for H.J.Res. 207. Check the latest action and official source below.
- Who sponsored H.J.Res. 207?
- H.J.Res. 207 was sponsored by Rep. Velázquez, Nydia M. [D-NY-7] (D-NY), with 0 cosponsors.
- What's the latest action on H.J.Res. 207?
- Referred to the House Committee on Small Business. (23 Jul 2026).
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More bills from Rep. Velázquez, Nydia M. [D-NY-7]
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Maintaining Small Business Engagement Act of 2026
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