Introduced in House

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1081 Introduced in House (IH)] 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.

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

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

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.''.