This bill would create the "Small Business ICE Disruption Fund." The Small Business Administration (SBA) would run the Fund. The bill appropriates $200,000,000 for fiscal year 2026, to remain available until spent. The SBA Administrator may make grants from the Fund to small businesses that lost revenue after a Federal immigration enforcement action in their area.
An "eligible entity" is a small business that: (1) is located where a Federal immigration enforcement action happened within the past year; (2) can show an immigration enforcement-related revenue loss of at least 25 percent; and (3) is not a business that, as of the date of enactment, owns or operates more than 15 locations or is publicly traded. "Immigration enforcement-related revenue loss" is defined as the difference between gross receipts in a comparable period and gross receipts during the period affected by the enforcement action, if that difference is greater than zero.
Grants would be awarded in the order applications are received. Applicants must make a good-faith certification that the losses resulted from interruptions caused by a Federal immigration enforcement action and that they have not received other compensation for those losses. The SBA must perform fraud checks that include requiring a business identifier (like an EIN or SSN), verifying tax returns, and cross-checking applicants against government databases for fraud convictions.
The amount of each grant equals the verified immigration enforcement-related revenue loss. However, total grants to an eligible entity and any affiliated businesses may not exceed $1,000,000, and grants are limited to $500,000 per physical location.
No publicly available information.
No publicly available information.