PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the House Committee on Small Business.
Congressional Research Service
No official summary is available in the imported record yet.
People & committees
Rep. Mills, Cory [R-FL-7] · R–FL
Legislative record
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Referred to the House Committee on Small Business.
Introduced in House
Introduced in House
Primary sources
Text links open the official source. We also preserved the text version used in the PlainBill explanation below.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: May 6, 2025. Consult Congress.gov for the current record.
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PlainBill explanation
Based on the full Introduced in House · 2025-02-06 text. This explanation has not received human editorial review. This overview describes the proposal’s major provisions; it does not establish what its real-world effects would be.
This bill would change which businesses qualify as small businesses under the Small Business Act. It would exclude businesses both located and incorporated in China. It would also exclude businesses if more than 25 percent of their voting stock—shares carrying voting rights—is owned by affiliates that are Chinese citizens or organized under Chinese law.
Section 3(a) of the Small Business Act (15 U.S.C. 632(a)) is amended by adding at the end the following:
For purposes of this Act, a concern may not be considered a small business concern if such concern is— (A) located and incorporated in the People’s Republic of China; or (B) has more than 25 percent of the voting stock of the concern owned by affiliates that are citizens of or organized under the laws of the People’s Republic of China.
The proposed location-based exclusion requires a business to be both located and incorporated in China. Either condition alone would not meet this particular test.
(A) located and incorporated in the People’s Republic of China; or
The proposed ownership-based exclusion is a separate test. It applies when qualifying affiliates own more than 25 percent of voting stock; exactly 25 percent would not meet this threshold. The text specifies affiliates that are Chinese citizens or organized under Chinese law.
(A) located and incorporated in the People’s Republic of China; or (B) has more than 25 percent of the voting stock of the concern owned by affiliates that are citizens of or organized under the laws of the People’s Republic of China.
The supplied official-actions snapshot, updated May 6, 2025, records introduction in the House and referral to the House Committee on Small Business on February 6, 2025.
Source snapshot updated 2025-05-06T13:39:21Z. 2025-02-06: Referred to the House Committee on Small Business. 2025-02-06: Introduced in House
A closer look
Reviewed version: Introduced in House · 2025-02-06. These findings describe provisions and who may benefit; they are not judgments of waste, corruption, or motive.
This review covers the supplied bill text. “None identified” does not rule out provisions in later versions or accompanying reports and disclosures.
Provisions outside the bill’s main subject, or policy changes attached to appropriations.
None identified in the reviewed text
No unrelated provision was identified in the complete supplied introduced text. This conclusion is limited to that version and does not establish attachment history or the contents of other versions or accompanying materials.
Spending directed to particular recipients or places outside ordinary competitive or formula-based allocation.
None identified in the reviewed text
No congressionally directed spending for particular recipients or places was identified in the complete supplied introduced text. This conclusion does not extend to other versions or accompanying materials; earmark disclosures and committee materials were not supplied.
Narrow exceptions, exemptions, or preferential treatment that warrant a closer look.
None identified in the reviewed text
No materially narrow preferential benefit, carve-out, or special exemption was identified in the complete supplied introduced text. This conclusion is limited to that version and does not extend to other versions or accompanying materials.
Full text preserved for this analysis. Legislative record snapshot: May 6, 2025. How PlainBill uses AI