119-hr1081

[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.''.
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