And if the White House refuses to acknowledge reality and reverse course, Congress must do it for them. Our legislation, Investing in the American Dream act, will restore common sense lending standards that have worked for decades. This bill codifies the longstanding SBA standard of 51% US citizen ownership and ensure these programs remain available to small businesses with minority owners who are in the country legally. It sends a message that immigrant entrepreneurs are integral to our country's success. And it tells the SBA that Congress will not stand by while this administration dismantled programs that help make the American Dream a reality for so many. (11:02–11:20)
CLAIM
Asserts that the bill will codify the SBA standard of 51% US citizen ownership for loan eligibility.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
