by
Should Americans have to wait in line behind foreigners?
Should we be subsidizing small business loans for foreigners? Should we be doing so at the expense of Americans? Should Americans have to wait in line behind foreigners to get loans. Bizarrely enough we have been doing all of the above.
But in February, the Small Business Administration under Kelly Loeffler issued a policy notice effective March stating that “100% of all direct and/or indirect owners of a small business applicant be U.S. Citizens or U.S. Nationals who have their Principal Residence in the United States, its territories, or possessions.”
Democrats who oversee cities filled with non-citizens whom they illegally represent in fake census districts are responding about as expected.
Los Angeles County supervisors voted Tuesday to pursue legal options challenging a new federal rule that would prevent lawful permanent residents — green card holders — from obtaining Small Business Administration-backed loans. The Board of Supervisors approved a motion directing the county’s legal staff to explore litigation after the SBA announced the policy change.
“SBA’s new rule limiting small business loans to only U.S. citizens — excluding permanent residents — threatens the survival of immigrant-owned small businesses that have long contributed to our local economies,” Hilda Solis said in a statement.
That’s nice. The immigrants should be able to build their businesses without taxpayer subsidies.
Supervisor Holly J. Mitchell said the rule reflects a broader pattern of federal policies affecting immigrant communities.