Mills Introduces Bill Prohibiting SBA Funds to China-Tied Businesses

China has sought to subvert and overtake the United States in any way possible, and not even small businesses are immune as they recover from Hurricanes Debby, Helene, and Milton. Representatives Cory Mills (R-FL) and Greg Steube (R-FL) have introduced a bill prohibiting Chinese-tied small businesses from receiving Small Business Administration assistance.

Aptly named the SBA Assistance from Going to China Act, Rep. Mills's legislation specifies that any business headquartered in China or with over 25% voting stock held by Chinese affiliates from receiving funds from the Small Business Administration.

"After Hurricanes Debby, Helene, and Milton, small businesses need immediate relief to recover and rebuild. These businesses are the backbone of our economy, creating jobs, serving communities, and driving growth. We must take action and prioritize America and its people by supporting our small businesses, ensuring they remain the driving force behind our prosperity. NO relief should go to companies with financial or political ties to China or its communist regime. The Small Business Administration must prioritize true American-owned businesses. We will protect and support Florida's small business community and make sure they emerge stronger and more resilient than ever," said Rep. Mills in his press release.

"SBA disaster assistance is intended for American businesses impacted by natural disasters. Many businesses in Florida are hurting following Debby, Helene, and Milton. They rely on this assistance to rebuild their businesses and help get their employees back on their feet. Not a dime of that assistance should be awarded to companies with financial and political ties to China. The Preventing SBA Assistance from Going to China Act strengthens SBA disaster assistance requirements so we prioritize the needs of taxpaying American citizens and stop China from taking advantage of resources intended for America's businessowners," said Rep. Steube.

Last week, Senator Marco Rubio (R-FL) raised the alarm concerning the Chinese electric vehicle (EV) battery manufacturer Gotion expanding dangerously close to Camp Grayling in Michigan, noting that the company has supposedly deep ties to the Chinese Communist Party (CCP).