H.R. 2966 is a bill that requires applicants for certain loans from the Small Business Administration to provide documentation confirming their citizenship status. The bill mandates that individual applicants or owners of applicant businesses must be U.S. citizens, nationals,...
Simple Explanation
H.R. 2966 is a proposed rule that says if someone wants to borrow money to help their small business grow, they need to show papers that prove they are allowed to live in the U.S.