Preventing SBA Assistance from Going to China Act

Fact Sheet API

Bill Number

HR 8497

Introduced

Oct 1, 2020

Latest Action

Referred to the House Committee on Small Business.

Sponsor

Cosponsors

Topics

Administrative law and regulatory procedures Asia China Commerce Corporate finance and management Foreign and international corporations Securities Small business Small Business Administration U.S. and foreign investments

Full Text

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Votes

Summary

Preventing SBA Assistance from Going to China Act

This bill prohibits the Small Business Administration from providing aid, counsel, or assistance to a small business concern that (1) is headquartered in China, or (2) has more than 25% of voting stock owned by citizens of China.

Actions

Oct 1, 2020

Referred to the House Committee on Small Business.
Oct 1, 2020

Introduced in House

Amendments

Related Bills