H. R. 2169
IN THE HOUSE OF REPRESENTATIVES
March 23, 2021
Mr. Smith of Missouri introduced the following bill; which was referred to the Committee on Small Business
To prohibit certain business concerns from receiving assistance from the Small Business Administration, and for other purposes.
This Act may be cited as the
Preventing SBA Assistance from Going to China Act.
Prohibition on affiliation with the People’s Republic of China
Section 3(a) of the Small Business Act (15 U.S.C. 632(a)) is amended by adding at the end the following:
Prohibition on affiliation with the people’s republic of china
For purposes of this Act, a small business concern may not—
be headquartered in the People’s Republic of China; or
have more than 25 percent of the voting stock of the small business concern owned by affiliates that are citizens of the People’s Republic of China.
Regulations and guidance
The Administrator of the Small Business Administration shall amend the regulations and guidance of the Administration, including sections 120.100, 120.110, and 121.105 of title 13, Code of Federal Regulations, to carry out the amendment made by this Act.