The Preventing SBA Assistance from Going to China Act would block businesses with significant Chinese ownership or operations from receiving Small Business Administration (SBA) loans and support programs. Specifically, the bill prohibits companies that are incorporated in China or have more than 25 percent of their voting stock owned by Chinese citizens or entities from qualifying as "small business concerns" under federal law, making them ineligible for SBA assistance. The legislation affects business owners and entrepreneurs who may have Chinese investors or corporate structures, potentially limiting their access to federal small business resources like loans and counseling. The bill does not specify new funding or implementation timelines beyond amending the existing Small Business Act. It was introduced in February 2025 and referred to the House Committee on Small Business.
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