HR 2966referred119th Congress

American Entrepreneurs First Act of 2025

Introduced Apr 17, 2025House billPolicy area: CommerceLast action Jun 9, 2025Sponsor: Beth Van Duyne(R-TX)

tradeCommerce

Small Business and Entrepreneurship CommitteeSmall Business Committee

Ask about this Build timeline Compare Export source pack

Official Congress record Open in Network Lab Trace connections

Official summaryUpdated Jun 9, 2025

What the bill does

American Entrepreneurs First Act This bill revises the application requirements for the Small Business Administration's 7(a) loan and 504 loan programs. Specifically, the bill requires applications for such loans to include (1) the applicant's date of birth; and (2) a certification that the applicant or all beneficial owners are citizens, nationals, or lawful permanent residents of the United States. The bill specifies that certain individuals are ineligible for such loans, including (1) asylees, (2) refugees, (3) individuals issued a visa to remain in the United States, (4) individuals legally classified as nonimmigrants, (5) individuals to whom deferred action has been granted pursuant to the Deferred Action for Childhood Arrivals, and (6) individuals without lawful status under the immigration laws of the United States.

Latest official action

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Lobbying Filings

$203.0M

Total Lobbying Spend

Suspicious Trades

Members Involved

Timeline

Apr 22, 2024lobbying

Lobbying filed by NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES

Jul 22, 2024lobbying

Lobbying filed by NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES

Oct 21, 2024lobbying

Lobbying filed by NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES

Jan 17, 2025lobbying

Lobbying filed by NATIONAL MARINE MANUFACTURERS ASSOCIATION

Jan 21, 2025lobbying

Lobbying filed by NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES

Official Congressional Actions

Jun 9, 2025IntroReferral

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

Small Business and Entrepreneurship Committee

View official action

Jun 6, 2025Floor

The previous question was ordered pursuant to the rule.

View official action

Jun 6, 2025Floor

Motion to reconsider laid on the table Agreed to without objection.

View official action

Jun 6, 2025Floor

DEBATE - The House proceeded with one hour of debate on H.R. 2966.

View official action

Lobbying Activity

Registrant	Client	Amount	Filed	Period	Issues
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES	NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES	$45.0M	Jul 22, 2024	2024Q2	DISINSLBR
NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES	NATIONAL ASSOCIATION OF MUTUAL INSURANCE COMPANIES	$44.0M	Oct 21, 2024	2024Q3	DISINSTRD

Suspicious Trading Activity

Congress members who traded stocks in companies connected to lobbying on this bill, within 90 days of its introduction date.

No suspicious trade-lobbying connections found for this bill.

Votes on This Bill

Member	Party	Position	Date
Ralph Norman	R	yea	Jun 6, 2025
Ayanna Pressley	D	nay	Jun 6, 2025
Donald S. Beyer, Jr.	D	nay	Jun 6, 2025
Mike Bost	R	yea	Jun 6, 2025

Methodology: Bill-Lobbying-Trade Connection

CapitolExposed identifies the "bill-lobbying-trade pipeline" by: (1) finding lobbying filings (LD-2) that specifically mention this bill, (2) matching lobbying clients to publicly traded companies, and (3) finding stock trades by members of Congress in those companies within 90 days of the bill's introduction date. Trades made before the bill was introduced are highlighted in red, as they may indicate advance knowledge. This analysis surfaces correlations worthy of scrutiny; it does not prove wrongdoing.