H.R. 1081

119th CONGRESS 1st Session

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 · Sponsor: Mr. Mills · Committee: Committee on Small Business

Table of contents

• H.R. 1081
  • SEC. 1. Short title
  • SEC. 2. Prohibition on small business concern affiliation with the People’s Republic of China

SEC. 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 () is amended by adding at the end the following: 15 U.S.C. 632(a)
  • (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—
      • located and incorporated in the People’s Republic of China; or
      • 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.