Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Small Business Administration relating to "Citizenship and Residency Requirements and Recission of Procedural Notice 5000-872050" and "Revised Applicant Ownership, Citizenship, and Residency Requirements for 7(a) and 504 Loans".

This joint resolution expresses Congress's disapproval of two rules issued by the Small Business Administration regarding citizenship and residency requirements for its 7(a) and 504 loan programs. The bill aims to nullify these specific regulations, which were published in February 2026 and later reviewed by the Government Accountability Office. If enacted, the rules would have no legal effect, effectively maintaining the previous standards for loan applicant eligibility. This legislative action directly impacts the Small Business Administration's ability to enforce the new ownership and residency criteria for these federal loans.