Territorial Small Business Development Act of 2026
Referred to the House Committee on Small Business.
Summary
The bill amends the Small Business Act to require the SBA Administrator to set up a new assistance program for small businesses owned and controlled by residents of Guam, American Samoa, and the Northern Mariana Islands. Eligible firms must show that their owners have lived in one of these territories for the past ten years, and the program will provide the same help given to socially and economically disadvantaged businesses, without net‑worth limits. This aims to boost economic development in U.S. Pacific territories.
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