Clarifies eligibility for small business loans for certain non-citizens and foreign residents.

The Investing in the American Dream Act clarifies eligibility for small business loans, ensuring that certain non-citizens and foreign residents can qualify. Eligible individuals include those granted asylum, refugees, lawful permanent residents, and nonimmigrants with valid status. The act specifies that small business concerns must be located in the United States and at least 51% owned by U.S. citizens or nationals, or eligible individuals who are lawfully present and authorized to work in the U.S.

Clarifies eligibility for small business loans for certain non-citizens and foreign residents.

The Investing in the American Dream Act clarifies eligibility for small business loans, ensuring that certain non-citizens and foreign residents can qualify. Eligible individuals include those granted asylum, refugees, lawful permanent residents, and nonimmigrants with valid status. The act specifies that small business concerns must be located in the United States and at least 51% owned by U.S. citizens or nationals, or eligible individuals who are lawfully present and authorized to work in the U.S.