Introduced in House — H.R. 7229

119th CONGRESS

2d Session

H. R. 7229

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

A BILL

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

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).