H.R. 4474: Equal Shot Act of 2025
This bill, titled the Equal Shot Act of 2025, aims to prevent discrimination against certain applicants in the firearms industry seeking financial assistance from the Small Business Administration (SBA). Here’s a breakdown of the main provisions:
Key Provisions
The bill stipulates that the SBA cannot establish any policies or practices that disadvantage eligible applicants for financial assistance solely due to their association with firearms. Specifically, it addresses three categories:
- Firearm Entities: These are businesses involved in various aspects of firearms, including design, manufacture, marketing, distribution, importation, promotion, and sales of firearms and related products such as ammunition, components, and accessories.
- Firearm Entity Affiliates: This includes entities connected to firearm businesses, such as shooting ranges or organizations providing firearm safety training.
- Firearm Trade Associations: Organizations that represent the interests of firearm entities or affiliates are also covered under this bill.
Purpose of the Bill
The primary goal of the Equal Shot Act is to ensure that applicants from the firearms industry have equal access to financial support offered by the SBA, similar to any other sector. It is intended to address concerns that these entities might face unfair treatment when applying for assistance like loans or loan guarantees.
Definitions Included
The bill includes explicit definitions to clarify who qualifies as a firearm entity, an affiliate, and a trade association. These definitions help ensure clarity and consistency in the application of the law.
Legislative Process
The bill was introduced in the House of Representatives on July 16, 2025, and is currently referred to the Committee on Small Business for further consideration.
Relevant Companies
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This is an AI-generated summary of the bill text. There may be mistakes.
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Actions
2 actions
Date | Action |
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Jul. 16, 2025 | Introduced in House |
Jul. 16, 2025 | Referred to the House Committee on Small Business. |
Corporate Lobbying
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Potentially Relevant Congressional Stock Trades
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