This joint resolution disapproves two Small Business Administration rules issued in February 2026 that established new citizenship and residency requirements for applicants seeking 7(a) and 504 loans, which are major federal small business lending programs. If passed, the resolution would effectively nullify these rules under the Congressional Review Act, a law that allows Congress to reject regulations issued by federal agencies. The rules being challenged modified ownership and citizenship standards for who can qualify for these federally-backed business loans. The resolution was introduced by Senator Markey in July 2026 and referred to the Senate Committee on Small Business and Entrepreneurship. No specific funding is involved since this action simply reverses existing regulations rather than appropriating money.