H.R. 2966 - American Entrepreneurs First Act of 2025
H.R. 2966 - American Entrepreneurs First Act of 2025
Hearing Information
Meeting Information
Tuesday, June 3, 2025 - 4:00pm H-313, The Capitol View Announcement »
Video
Rules Committee Hearing on H.R. 2987, H.R. 2931, H.R. 2966, & H.R. 2483
Bill Text
(as reported)
H. Rept. 119-112PDF
Report from the Committee on Small Business to accompany H.R. 2966
Hearing Documents
Rule PDF
H. Rept. 119-130PDF
Rule Information
COMMITTEE ACTION:
REPORTED BY A RECORD VOTE of 9-3 on Tuesday, June 3, 2025.
FLOOR ACTION ON H. RES. 458:
Agreed to by a record vote of 217-208, after agreeing to the previous question by a record vote of 213-206, on Wednesday, June 4, 2025.
MANAGERS: Fischbach/McGovern
1. Structured rule for H.R. 2483.
2. Waives all points of order against consideration of the bill.
3. Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Energy and Commerce or their respective designees.
4. Provides that, in lieu of the amendment in the nature of a substitute recommended by the Committee on Energy and Commerce now printed in the bill, an amendment in the nature of a substitute consisting of the text of Rules Committee Print 119-4 shall be considered as adopted and the bill, as amended, shall be considered as read.
5. Waives all points of order against provisions in the bill, as amended.
6. Makes in order only those amendments printed in part A of the Rules Committee report. Each amendment shall be considered only in the order printed in the report, may be offered only by a Member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question.
7. Waives all points of order against the amendments printed in part A of the Rules Committee report.
8. Provides one motion to recommit.
9. Closed rule for H.R. 2931.
10. Waives all points of order against consideration of the bill.
11. Provides that the amendment in the nature of a substitute recommended by the Committee on Small Business now printed in the bill, modified by the amendment printed in part B of the Rules Committee report, shall be considered as adopted and the bill, as amended, shall be considered as read.
12. Waives all points of order against provisions in the bill, as amended.
13. Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Small Business or their respective designees.
14. Provides one motion to recommit.
15. Closed rule for H.R. 2966.
16. Waives all points of order against consideration of the bill.
17. Provides that the amendment in the nature of a substitute recommended by the Committee on Small Business now printed in the bill shall be considered as adopted and the bill, as amended, shall be considered as read.
18. Waives all points of order against provisions in the bill, as amended.
19. Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Small Business or their respective designees.
20. Provides one motion to recommit.
21. Closed rule for H.R. 2987.
22. Waives all points of order against consideration of the bill.
23. Provides that the amendment in the nature of a substitute recommended by the Committee on Small Business now printed in the bill shall be considered as adopted and the bill, as amended, shall be considered as read.
24. Waives all points of order against provisions in the bill, as amended.
25. Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Small Business or their respective designees.
26. Provides one motion to recommit.
Amendments (click each header to sort table ▲▼ by that column)
| # | Version # | Sponsor(s) | Party | Summary | Status |
|---|---|---|---|---|---|
| 1 | Version 1 | Velázquez (NY) | Democrat | Requires the SBA Administrator to establish a deadline for compliance with the requirements of Section 2. Lenders that originated 1,000 or more 7(a) loans in Fiscal Year 2024 shall be required to comply with the rule 1 year after the date of enactment, and lenders that originated fewer than 1,000 7(a) loans in Fiscal Year 2024 shall be required to comply with the rule 2 years after the date of enactment. | Submitted |
| 2 | Version 1 | Velázquez (NY) | Democrat | Requires the SBA Administrator to certify to the Congress that the number of 7(a) loans to unbanked small business borrowers operating in underserved markets will not decrease under Section 2, before it can take effect. | Submitted |
| 3 | Version 1 | Velázquez (NY) | Democrat | Moves the requirements articulated by this Act back to pre-Trump rules, in which the applicant business is majority-owned by a US citizen or lawful permanent resident. | Submitted |
Committee Votes
Rules Committee Record Vote No. 105
Motion by Ms. Leger Fernández to add a new section to the rule providing for immediate consideration of H.J. Res. 91, relating to a national emergency by the President on April 2, 2025, under a closed rule, debatable for one hour equally divided between the chair and ranking member of the Committee on Foreign Affairs. This joint resolution would terminate the global tariffs imposed by the President. Defeated: 3–9
Rules Committee Record Vote No. 106
Motion by Mrs. Fischbach to report the rule. Adopted: 9–3