PRIA Logo™
119-hr-8343119th CongressWALLET

Territorial Small Business Development Act of 2026

Sponsored By: Representative Moylan, James C. [R-GU-At Large]

Introduced

Summary

New SBA 8(a) program for Pacific territories residents. This bill would create a dedicated 8(a) program to give small businesses in Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands access to the same assistance typically reserved for socially and economically disadvantaged firms.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

New SBA help for Pacific businesses

This bill would require the SBA to create a new 8(a)-style program for small businesses owned and controlled by residents of Guam, American Samoa, and the Northern Mariana Islands. The program would provide the same types of assistance the SBA gives disadvantaged small businesses. The SBA would not be allowed to set any net-worth eligibility limit. Only firms with their principal place of business in those territories, at least 51% owned by Pacific territories residents (or 51% stock for public firms), with management and daily operations controlled by those residents, and whose owners can show residency for the prior 10 years would be eligible. If enacted, the program would take effect upon enactment.

Sponsors & CoSponsors

Sponsor

Moylan, James C. [R-GU-At Large]

GU • R

Cosponsors

  • Del. King-Hinds, Kimberlyn [R-MP-At Large]

    MP • R

    Sponsored 4/16/2026

  • Del. Radewagen, Aumua Amata Coleman [R-AS-At Large]

    AS • R

    Sponsored 4/16/2026

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation