Small Business Territories Support Act

This bill would create an Office of Territorial Affairs within the Small Business Administration (SBA) to work with small businesses in Puerto Rico, Guam, American Samoa, the U.S. Virgin Islands, and the Northern Mariana Islands. The office would be led by an Assistant Administrator with knowledge of the territories and experience helping small businesses there. This official would promote SBA programs on business development, loans, disaster help, and federal contracting, act as a link between territorial businesses and the SBA, review whether SBA services meet their needs, and hold webinars and outreach events. The office would report to Congress within 180 days and every year after, including how many businesses it helped in each territory.

Full text and official record on Congress.gov

Sponsors

• Nydia M. Velázquez Democrat sponsor
• 1 cosponsors