Feds announce foreigners now ineligible for popular SBA loan program

Officials in America’s federal government have been “too loosey-goosey for too long,” and there’s a “tremendous amount of money missing at the SBA back from the Biden administration.”

So one part of the solution is going to be to bar foreigners from owning any part of a business that gets a Small Business Administration loan.

The comment comes from Rep. Roger Williams, R-Texas, the head of the House Small Business Committee.

They came as the SBA announced it has a new policy...