S. 2562: Equal Shot Act of 2025 (119th Congress) Bill Summary

The Equal Shot Act of 2025 is a piece of legislation aimed at ensuring that certain entities involved in the firearms industry are treated fairly when seeking financial assistance from the Small Business Administration (SBA). Below are the key components of the bill:

Definitions

Firearm Entity: This refers to any business involved in the design, manufacture, marketing, distribution, importation, or sale of firearms, ammunition, or related products. This includes parts and accessories like scopes, magazines, holsters, and firearm safety devices.
Firearm Entity Affiliate: This covers entities connected to firearm entities, such as sport shooting ranges or organizations providing training on lawful firearm use.
Firearm Trade Association: This is an organization that represents the interests of firearm entities or affiliates.

Prohibitions Against Discrimination

The bill prohibits the Administrator of the Small Business Administration from implementing any policies or practices that would discriminate against an otherwise qualified applicant for financial assistance simply because they are part of the firearms industry. This applies to:

Firearm entities
Firearm entity affiliates
Firearm trade associations

In other words, if an applicant qualifies for loans or loan guarantees, they cannot be denied assistance solely based on their involvement in the firearms sector.

Overall Purpose

The overall goal of the Equal Shot Act of 2025 is to ensure equal access to financial resources for businesses in the firearms industry, promoting fair treatment and eliminating potential biases against these entities when they seek assistance from the federal government.