Territorial Small Business Development Act of 2026

This bill would require the Small Business Administration to create a program for small businesses owned and controlled by residents of Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands. The program would give these businesses the same type of assistance the agency gives to socially and economically disadvantaged small businesses under its existing 8(a) program. The agency could not set net worth limits for applicants. To qualify, a business must be based in one of these territories, be at least 51 percent owned and controlled by territory residents, and its owners must show they have been territory residents for the 10 years before receiving help.

Full text and official record on Congress.gov

Sponsors

• James C. Moylan Republican sponsor
• 2 cosponsors