H.R. 7229 — Introduced in House

I 119th CONGRESS 2d Session H. R. 7229 IN THE HOUSE OF REPRESENTATIVES January 22, 2026Mr. 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. 1. Short title This Act may be cited as the Territorial SBA Loan Guaranty Adjustment Act of 2026. 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).