S.J.Res. 202 — A joint resolution 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".

S.J.Res. 202 — A joint resolution 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". | JustPolicyThe purpose of this legislative text is to allow Congress to disapprove a specific rule set by the Small Business Administration (SBA) regarding the citizenship and residency requirements for certain loan programs. This resolution aims to prevent the implementation of changes that the SBA proposed, which could affect how loans are granted to applicants. Key provisions of this resolution include the formal disapproval of the SBA's rule concerning the ownership, citizenship, and residency requirements for the 7(a) and 504 loan programs.