H. R. 1081 aims to prevent certain businesses from receiving aid from the Small Business Administration if they have ties to China. Specifically, the bill proposes that any company considered a "small business" under this Act cannot be located in China or have more than 25%...
Simple Explanation
H. R. 1081 is a rule saying that small businesses can't get help from the Small Business Administration if they have strong ties to China, like if they're partly owned by Chinese people or companies.