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".

This bill would overturn a rule made by the Small Business Administration that changed the citizenship and residency requirements for people applying for certain small business loans known as 7(a) and 504 loans. Congress has a process that allows it to review and reject rules created by federal agencies, and this bill uses that process to block these specific changes. No official summary is available for this bill.

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