Los Angeles County has moved to challenge a federal rule taking effect in 2026 that bars green card holders from accessing Small Business Administration (SBA)–backed loans, according to county officials.
Newsweek reached out to the White House and SBA for comment via email.
Why It Matters
The policy change marks a sharp departure from decades of federal practice that allowed lawful permanent residents, or green card holders, to access government-backed small business financing.
County leaders say the rule could restrict access to capital for immigrant-owned businesses and reshape who can participate in the U.S. small business economy.
What To Know
The Los Angeles County Board of Supervisors voted this week to authorize legal action against the Trump administration over a new SBA rule that excludes lawful permanent residents from certain loan programs, according to county records and local reporting…