Summary
Los Angeles County officials plan to legally challenge a new federal rule that, starting in 2026, will prevent green card holders from accessing loans backed by the Small Business Administration (SBA). This rule is part of broader immigration changes under President Trump's administration, aimed at limiting certain federal program participations to U.S. citizens.
Key Facts
- Los Angeles County is challenging a new federal rule effective in 2026 that affects green card holders.
- The rule prevents lawful permanent residents from owning interest in businesses seeking SBA-backed loans.
- This change is linked to an Executive Order under President Donald Trump focusing on "protecting the American people."
- The rule change reverses a long-standing policy that allowed non-citizen ownership in SBA-backed business ventures.
- The Los Angeles County Board of Supervisors decided to explore legal action against the new rule.
- The rule is part of wider immigration-related policy shifts affecting lawful permanent residents and others.
- The SBA, a federal agency, supports small business growth and traditionally offered loans to both U.S. citizens and green card holders.
