Small Business Territories Support Act

Sponsor: Nydia M. Velázquez (Democratic-NY)April 27, 2026

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Introduced

In Committee

Passed One Chamber

Passed Both Chambers

Signed into Law

Referred to the House Committee on Small Business.

Creates a new office to help small businesses in U.S. territories get more support.

This bill would create a new office within the Small Business Administration to give targeted support to small businesses in U.S. territories like Puerto Rico and Guam. This office would help them get loans, recover from disasters, and grow their businesses.

What Would Change

Currently, the Small Business Act does not have a dedicated office within the Small Business Administration to specifically address the needs of small businesses in U.S. territories. If this bill becomes law, it would create an Office of Territorial Affairs, led by an Assistant Administrator, to provide targeted support and improve access to SBA programs for businesses in places like Puerto Rico, Guam, and the U.S. Virgin Islands.

Key Provisions

Creates a new Office of Territorial Affairs within the Small Business Administration to specifically help small businesses in U.S. territories.
Establishes an Assistant Administrator position to lead this new office, requiring expertise in the territories' unique challenges.
Requires the office to connect small businesses in territories with SBA programs for entrepreneurial development, contracting, disaster assistance, and capital access.
Mandates the Assistant Administrator to review SBA programs and services to ensure they meet the needs of businesses in the territories.
Requires the office to host webinars and outreach events in the territories to engage with local businesses.

View on Congress.gov

HR 8534 · 119th Congress · April 27, 2026 · AI Summary by gemini-2.5-flash · 9/10

Small Business Territories Support Act

What Would Change

Key Provisions

Lobbying Activity