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HR 8343
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Territorial Small Business Development Act of 2026

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.

Introduced Apr 16, 2026

Latest action (Apr 16, 2026) Referred to the House Committee on Small Business.

Referred to
Small Business Committee
Policy area
Commerce
Issues
Economy & Taxes

Summary
  • Establishes a new Small Business Administration program to provide assistance to small businesses owned and controlled by residents of Guam, American Samoa, and the Northern Mariana Islands.
  • Provides the same types and manner of assistance as currently offered to socially and economically disadvantaged small business concerns, without net worth eligibility requirements.
  • Requires applicants to demonstrate they have been Pacific territories residents for the 10-year period preceding the application for assistance.
  • Requires assisted businesses to be located in Guam, American Samoa, or the Northern Mariana Islands, with at least 51 percent ownership and management control by Pacific territories residents.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
2 cosponsors

Actions (2)
  1. Apr 16, 2026 Referred to the House Committee on Small Business. · house
  2. Apr 16, 2026 Introduced in House

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • HR 8534 — Small Business Territories Support Act · Introduced Apr 27, 2026 · Cong. 119 82%
  • HR 3496 — Northern Mariana Islands Small Business Access Act · Passed House Jan 26, 2026 · Cong. 119 78%
  • HR 6063 — Designating the Guam and Western Pacific USDA Rural Development Office Act · Introduced Dec 2, 2025 · Cong. 119 67%
  • HR 5960 — Territorial De Minimis Exemption Act · Introduced Nov 7, 2025 · Cong. 119 64%
  • HR 2728 — GREATER Act · Introduced Apr 8, 2025 · Cong. 119 63%
  • S 2832 — Native American Entrepreneurial and Opportunity Act of 2025 · Introduced Sep 17, 2025 · Cong. 119 63%

Text versions (1)
  • Introduced in House · Apr 16, 2026

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

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 eligibility requirements relating to the net worth of an applicant to such program.

“(B) Limitation.—The Administrator may only provide assistance under this paragraph to concerns the owners of which can demonstrate status as a Pacific territories resident for the 10-year period preceding the date of receipt of such assistance.

“(C) Definitions.—In this paragraph:

“(i) Pacific territories resident.—The term ‘Pacific territories resident’ means a resident (as determined by the Administrator) of Guam, American Samoa, or the Commonwealth of the Northern Mariana Islands.

“(ii) Small business concern owned and controlled by pacific territories residents.—The term ‘small business concern owned and controlled by Pacific territories residents’ means a small business concern—

“(I) the principal place of business of which is located in Guam, American Samoa, or the Commonwealth of the Northern Mariana Islands; and

“(II) for which— “(aa) not less than 51 percent of which is owned by one or more Pacific territories residents or, in the case of any publicly owned business, not less than 51 percent of the stock of which is owned by one or more Pacific territories residents; and “(bb) the management and daily business operations of which are controlled by one or more Pacific territories residents.”.

(b) Conforming Amendment.—Section 8(a)(9)(B)(iv) of the Small Business Act (15 U.S.C. 637(a)(9)(B)(iv)) is amended by striking “paragraph (21)(B)” and inserting “paragraph (22)(B)”. <all>

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