HR 8666
No Small Business Aid for China Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill, the No Small Business Aid for China Act, restricts the Small Business Administration (SBA) from providing assistance to businesses with ties to China. Specifically, it prohibits businesses headquartered in China, those with over 25% ownership by Chinese citizens or entities, or those linked to human rights abuses in Xinjiang Province, from receiving SBA support. The bill aims to prevent the SBA from inadvertently supporting companies connected to the Chinese government or its practices. It updates SBA regulations to reflect these restrictions.
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Primary sponsor
Chris Jacobs
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