,i  #aaith ,,congress  #b;d ,session    
,h4 ,r4 #hefc  ,,in ,,the ,,house ,,of  
,,representatives  ,april #bh1 #bjbf,ms4
 ,velzquez 7for herself1 ,mr4           
,olszewski1 ,mr4 ,espaillat1 ,ms4 ,meng1
 ,mr4 ,min1 ,ms4 ,chu1 ,ms4 ,simon1 ,ms4
 ,clarke of ,new ,york1 ,mr4            
,krishnamoorthi1 ,mr4 ,cisneros1 ,mr4   
,latimer1 ,mr4 ,thanedar1 ,mrs4         
,mc,iver1 ,mr4 ,mc,garvey1 ,ms4         
,scholten1 ,mr4 ,tran1 ,ms4 ,morrison1  
and ,ms4 ,pou7 introduced the following 
bill2 which was referred to the         
,committee on ,small ,business  ,a      
,,bill  ,to clarify eligibility for     
small business loans1 and for other     
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,investing in the   
,american ,dream ,act4  #b4 ,definitions
 ,in this ,act3  7#a7 ,covered loan ,the
 term covered loan means-- 7,a7 a loan  
guaranteed under section #g7;a7 of the  
,small ,business ,act 7#ae ,u4,s4,c4    
#fcf7;a772  7,b7 a microloan under      
section #g7m7 of the ,small ,business   

,act 7#ae ,u4,s4,c4 #fcf7m772  7,c7 a   
loan guaranteed under title ,v of the   
,small ,business ,investment ,act of    
#aieh 7#ae ,u4,s4,c4 #fie et seq472 and 
7,d7 a surety bond guarantee from the   
,small ,business ,administration        
pursuant to part ,b of title ,,iv of the
 ,small ,business ,investment ,act of   
#aieh 7#ae ,u4,s4,c4 #fid;a et seq474   
7#b7 ,eligible individual ,the term     
eligible individual includes--  7,a7 an 
alien 7as defined in section #aja7;a7 of
 the ,immigration and ,nationality ,act 
7#h ,u4,s4,c4 #aaja7;a777 that meets the
 requirements under section #b7;i7 of   
the ,small ,business ,act 7#ae ,u4,s4,c4
 #fca7;i771 including-- 7i7 an alien    
granted asylum under section #bjh of the
 ,immigration and ,nationality ,act 7#h 
,u4,s4,c4 #aaeh72  7ii7 a refugee       
admitted to the ,united ,states under   
section #bjg of that ,act 7#h ,u4,s4,c4 
#aaeg72  7iii7 any alien admitted to the
 ,united ,states as a nonimmigrant      
described in section #aja7;a77#ae7 of   

that ,act 7#h ,u4,s4,c4 #aaja7;a77#ae77 
whose period of authorized stay has not 
expired2  7iv7 an alien lawfully        
admitted for permanent residence 7as    
defined in section #aja7;a7 of that ,act
 7#h ,u4,s4,c4 #aaja7;a7771 including an
 alien lawfully admitted for permanent  
residence on a conditional basis2 and   
7v7 an alien granted deferred action    
pursuant to the memorandum of the       
,department of ,homeland ,security      
entitled ,exercising ,prosecutorial     
,discretion with ,respect to            
,individuals ,who ,came to the ,united  
,states as ,children issued on ,june    
#ae1 #bjab2 and  7,b7 an individual the 
principal residence of whom is outside  
the ,united ,states and its territories 
and possessions4  7#c7 ,small business  
concern ,the term small business concern
 has the meaning given the term in      
section #c of the ,small ,business ,act 
7#ae ,u4,s4,c4 #fcb74  #c4 ,eligibility 
for business loans  7a7 ,requirement ,to
 be eligible for a covered loan1 a small

 business concern shall be-- 7#a7       
located in the ,united ,states2 and     
7#b7 not less than #ea percent owned and
 controlled by-- 7,a7 citizens or       
nationals of the ,united ,states2 or    
7,b7 eligible individuals1 provided that
 at the time of application for a       
covered loan1 such individuals are-- 7i7
 lawfully present in the ,united        
,states2 and  7ii7 authorized to be     
employed in the ,united ,states4  7b7   
,prohibition ,a small business concern  
shall not be denied eligibility for a   
covered loan because the small business 
concern is owned by eligible            
individuals1 provided the small business
 concern meets the requirements under   
subsection 7a74  7c7 ,rule of           
construction ,nothing in this ,act may  
be construed to provide the ,small      
,business ,administration with the      
authority to increase the percentage of 
the requirement under subsection        
7a77#b74