Territorial SBA Loan Guaranty Adjustment Act of 2026

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7229 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 7229

   To amend the Small Business Act to provide for loan guarantees to 
           certain small businesses, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 22, 2026

 Mr. Moylan (for himself and Ms. King-Hinds) introduced the following 
      bill; which was referred to the Committee on Small Business

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                                 A BILL


 
   To amend the Small Business Act to provide for loan guarantees to 
           certain small businesses, 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 SBA Loan Guaranty 
Adjustment Act of 2026''.

SEC. 2. LOAN GUARANTEES FOR COVERED TERRITORY BUSINESSES.

    (a) In General.--Section 7(a)(2) of the Small Business Act (15 
U.S.C. 636(a)(2)) is amended by adding at the end the following:
                    ``(G) Participation in loan to covered territory 
                business.--
                            ``(i) In general.--Except as provided in 
                        clause (ii), in an agreement to participate in 
                        a loan to a covered territory business on a 
                        deferred basis under this subsection, the 
                        participation by the Administration shall be 90 
                        percent.
                            ``(ii) Exceptions.--Clause (i) shall not 
                        apply with respect to a loan under paragraph 
                        (9), (14)(A), (16), (31), or (34), or under a 
                        pilot program carried out pursuant to paragraph 
                        (25).''.
    (b) Conforming Amendment.--Section 7(a)(2)(A) of such Act is 
amended by striking ``and (F)'' and inserting ``(F), and (G)''.
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