Territorial Small Business Development Act of 2026

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8343 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8343 To amend the Small Business Act to require the Administrator of the Small Business Administration to establish a program for small business concerns owned and controlled by Pacific territories residents, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 16, 2026 Mr. Moylan (for himself, Ms. King-Hinds, and Mrs. Radewagen) introduced the following bill; which was referred to the Committee on Small Business _______________________________________________________________________ A BILL To amend the Small Business Act to require the Administrator of the Small Business Administration to establish a program for small business concerns owned and controlled by Pacific territories residents, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Territorial Small Business Development Act of 2026''. SEC. 2. PROGRAM FOR SMALL BUSINESS CONCERNS OWNED AND CONTROLLED BY PACIFIC TERRITORIES RESIDENTS. (a) In General.--Section 8(a) of the Small Business Act (15 U.S.C. 637(a)) is amended-- (1) by redesignating paragraphs (16) through (21) as paragraphs (17) through (22), respectively; and (2) by inserting after paragraph (15) the following new paragraph: ``(16) Small Business Concerns Owned and Controlled by Pacific Territories Residents.-- ``(A) In general.--The Administrator shall establish a program to provide assistance to small business concerns owned and controlled by Pacific territories residents of the same type and in the same manner as the Administrator provides assistance to a socially and economically disadvantaged small business concern, except that the Administrator may not establish any eligib