U.S. Congress legislation · 119th Congress
HB8563: Investing in the American Dream Act
Status: In committee, April 28, 2026
To clarify eligibility for small business loans, and for other purposes.
What the bill says
To clarify eligibility for small business loans, and for other purposes.
From the introduced text, April 28, 2026:
A BILL To clarify eligibility for small business loans, and for other purposes. SECTION 1. Short title This Act may be cited as the Investing in the American Dream Act . SECTION 2. Definitions In this (B) a microloan under section 7(m) of the Small Business Act ( 15 U.S.C. 636(m) ); (C) a loan guaranteed under title V of the Small Business Investment Act of 1958 ( 15 U.S.C. 695 et seq. ); and (D) a surety bond guarantee from the Small Business Administration pursuant to part B of title IV of the Small Business Investment Act of 1958 ( 15 U.S.C. 694a et seq. ). (2) Eligible individual The term eligible individual includes-- (A) an alien (as defined in section 101(a) of the Immigration and Nationality Act ( 8 U.S.C. 1101(a) )) that meets the requirements under section 2(i) of the Small Business Act ( 15 U.S.C. 631(i) ), including-- (i) an alien granted asylum under section 208 of the Immigration and Nationality Act ( 8 U.S.C. 1158 ); (ii) a refugee admitted to the United States under section 207 of that Act ( 8 U.S.C. 1157 ); (iii) any alien admitted to the United States as a nonimmigrant described in section 101(a)(15) of that Act ( 8 U.S.C. 1101(a)(15) ) whose period of authorized stay has not …
Sponsors
- Nydia Velazquez (D, HD-NY-7) · primary sponsor
- Johnny Olszewski (D, HD-002)
- Adriano Espaillat (D, HD-013)
- Grace Meng (D, HD-006)
- Dave Min (D)
- Judy Chu (D, HD-CA-28)
- Lateefah Simon (D)
- Yvette Clarke (D, HD-009)
- Raja Krishnamoorthi (D, HD-008)
- Gil Cisneros (D, HD-CA-31)
- George Latimer (D, HD-016)
- Shri Thanedar (D, HD-013)
Latest actions
- : Referred to the House Committee on Small Business.
- : Introduced in House
Subjects: Commerce
Common questions
- What is HB8563?
- HB8563 is a bill in Congress (119th Congress): Investing in the American Dream Act.
- What does HB8563 do?
- In its own words: To clarify eligibility for small business loans, and for other purposes.
- What is the status of HB8563?
- In committee as of April 28, 2026. Latest action: Referred to the House Committee on Small Business. (April 28, 2026).
- Who sponsored HB8563?
- Nydia Velazquez (D, HD-NY-7), with 11 co-sponsors.
- Where is the official record for HB8563?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/8563
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.