What does Preamble of Investing in the American Dream Act do?

This bill aims to clarify eligibility for small business loans The bill was introduced to the Senate and referred to the Committee on Small Business and Entrepreneurship

What does SHORT TITLE. of Investing in the American Dream Act do?

This bill is formally titled the Investing in the American Dream Act.

What does DEFINITIONS. of Investing in the American Dream Act do?

This section defines key terms used within the Act. A 'covered loan' includes loans guaranteed under the Small Business Act (sections 7(a) and 7(m)), title V of the Small Business Investment Act of 1958, and surety bond guarantees from the Small Business Administration. An 'eligible individual' includes certain aliens, specifically those granted asylum, refugees, nonimmigrants with authorized stay, lawful permanent residents, and individuals with deferred action under the 2012 Department of Homeland Security memorandum. It also includes individuals whose principal residence is outside the United States and its territories and possessions. The term 'small business concern' is defined according to section 3 of the Small Business Act.

What does ELIGIBILITY FOR BUSINESS LOANS. of Investing in the American Dream Act do?

This section outlines eligibility requirements for business loans. To be eligible, a small business concern must be located in the United States. The business must be at least 51 percent owned and controlled by U.S. citizens, nationals, or eligible individuals. Eligible individuals must be lawfully present in the United States and authorized to be employed. A small business concern cannot be denied eligibility solely because it is owned by eligible individuals, provided it meets the requirements of subsection (a). The Small Business Administration cannot increase the ownership percentage requirement outlined in subsection (a)(2).

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Investing in the American Dream Act

Last updated: 4/28/2026 · Introduced: 4/28/2026

Author: Edward Markey (D-MA)

TL;DR (AI)

The Investing in the American Dream Act expands eligibility for small business loans to include certain aliens, such as refugees and lawful permanent residents, who meet specific ownership and employment requirements.
To qualify, a small business concern must be located in the United States and at least 51% owned and controlled by U.S. citizens, nationals, or eligible individuals.
The Small Business Administration is prohibited from increasing the ownership percentage requirement for eligible individuals to qualify for these loans.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 2 more.

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