A joint resolution 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".
Introduced Jul 23, 2026 · Last action Jul 23, 2026 — Read twice and referred to the Committee on Small Business and Entrepreneurship.
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Summary
This legislation is called the A joint resolution 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". It is being reviewed by a committee.
Full bill text
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S.J. Res. 202 Introduced in Senate (IS)]
<DOC>
119th CONGRESS
2d Session
S. J. RES. 202
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''.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
July 23, 2026
Mr. Markey introduced the following joint resolution; which was read
twice and referred to the Committee on Small Business and
Entrepreneurship
_______________________________________________________________________
JOINT RESOLUTION
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''.
Resolved by the Senate and House of Representatives of the United
States of America in Congress assembled, That Congress disapproves the
rule submitted by the Small Business Administration relating to
``Citizenship and Residency Requirements and Recission of Procedural
Notice 5000-872050'' (issued February 2, 2026) and ``Revised Applicant
Ownership, Citizenship, and Residency Requirements for 7(a) and 504
Loans'' (issued February 11, 2026), determined to be a rule in a letter
of opinion by the Government Accountability Office dated July 1, 2026,
and printed in the Congressional Record on July 14, 2026, on pages
S3929 through S3931, and such rule shall have no force or effect.
<all>Official legislative text sourced from the public record (cached on CivicsHQ).
Official source
View the original bill, actions, and full legislative record on Congress.gov.
Status
In Committee
- 1Introduced
- 2Committee
- 3Floor
- 4Passed
- 5Signed
Timeline reflects current normalized status only. Full action history is not yet stored in the API.
Sponsors
- Sen. Markey, Edward J. [D-MA]DSenateMA
Cosponsors
No cosponsors on record.