,i #aai? ,,congress #b;d ,session ,h4 ,r4 #hefc ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,april #bh1 #bjbf,ms4 ,velzquez 7= h]self1 ,mr4 ,olszewski1 ,mr4 ,espaillat1 ,ms4 ,m5g1 ,mr4 ,m91 ,ms4 ,*u1 ,ms4 ,simon1 ,ms4 ,cl>ke ( ,new ,york1 ,mr4 ,kri%namoor?i1 ,mr4 ,cisn]os1 ,mr4 ,latim]1 ,mr4 ,?an$>1 ,mrs4 ,mc,iver1 ,mr4 ,mc,garvey1 ,ms4 ,s*olt51 ,mr4 ,tran1 ,ms4 ,morrison1 & ,ms4 ,p\7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,small ,bus9ess ,a ,,bill ,to cl>ify eligibility = small bus9ess loans1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,inve/+ 9 ! ,am]ican ,dream ,act4 #b4 ,def9itions ,9 ?is ,act3 7#a7 ,cov]$ loan ,! t]m cov]$ loan means-- 7,a7 a loan gu>ante$ "u section #g7;a7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7;a772 7,b7 a microloan "u section #g7m7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcf7m772 7,c7 a loan gu>ante$ "u title ,v ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fie et seq472 & 7,d7 a surety bond gu>antee f ! ,small ,bus9ess ,adm9i/ration pursuant to "p ,b ( title ,,iv ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fid;a et seq474 7#b7 ,eligible individual ,! t]m eligible individual includes-- 7,a7 an ali5 7z def9$ 9 section #aja7;a7 ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaja7;a777 t meets ! requirem5ts "u section #b7;i7 ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fca7;i771 includ+-- 7i7 an ali5 grant$ asylum "u section #bjh ( ! ,immigration & ,nationality ,act 7#h ,u4,s4,c4 #aaeh72 7ii7 a refugee admitt$ to ! ,unit$ ,/ates "u section #bjg ( t ,act 7#h ,u4,s4,c4 #aaeg72 7iii7 any ali5 admitt$ to ! ,unit$ ,/ates z a nonimmigrant describ$ 9 section #aja7;a77#ae7 ( t ,act 7#h ,u4,s4,c4 #aaja7;a77#ae77 ^: p]iod ( au?oriz$ /ay has n expir$2 7iv7 an ali5 lawfully admitt$ = p]man5t resid5ce 7z def9$ 9 section #aja7;a7 ( t ,act 7#h ,u4,s4,c4 #aaja7;a7771 includ+ an ali5 lawfully admitt$ = p]man5t resid5ce on a conditional basis2 & 7v7 an ali5 grant$ def]r$ action pursuant to ! memor&um ( ! ,dep>tm5t ( ,homel& ,security entitl$ ,ex]cis+ ,prosecutorial ,discretion ) ,respect to ,individuals ,:o ,came to ! ,unit$ ,/ates z ,*ildr5 issu$ on ,june #ae1 #bjab2 & 7,b7 an individual ! pr9cipal resid5ce ( :om is outside ! ,unit$ ,/ates & its t]ritories & possessions4 7#c7 ,small bus9ess conc]n ,! t]m small bus9ess conc]n has ! mean+ giv5 ! t]m 9 section #c ( ! ,small ,bus9ess ,act 7#ae ,u4,s4,c4 #fcb74 #c4 ,eligibility = bus9ess loans 7a7 ,requirem5t ,to be eligible = a cov]$ loan1 a small bus9ess conc]n %all be-- 7#a7 locat$ 9 ! ,unit$ ,/ates2 & 7#b7 n less ?an #ea p]c5t own$ & controll$ by-- 7,a7 citiz5s or nationals ( ! ,unit$ ,/ates2 or 7,b7 eligible individuals1 provid$ t at ! "t ( application = a cov]$ loan1 su* individuals are-- 7i7 lawfully pres5t 9 ! ,unit$ ,/ates2 & 7ii7 au?oriz$ to be employ$ 9 ! ,unit$ ,/ates4 7b7 ,prohibition ,a small bus9ess conc]n %all n be d5i$ eligibility = a cov]$ loan because ! small bus9ess conc]n is own$ by eligible individuals1 provid$ ! small bus9ess conc]n meets ! requirem5ts "u subsection 7a74 7c7 ,rule ( con/ruction ,no?+ 9 ?is ,act may be con/ru$ to provide ! ,small ,bus9ess ,adm9i/ration ) ! au?ority to increase ! p]c5tage ( ! requirem5t "u subsection 7a77#b74