Sponsored by Brad Finstad (R)
SBA Artificial Intelligence Utilization Act of 2026
Requires the SBA to annually report on its use of artificial intelligence and machine learning.
Tradeoff
Creates a reporting requirement with no stated cost or offset. The SBA must assess AI and machine-learning tools it uses and brief Congress on the benefits, risks, and how to keep humans involved in key decisions.
What's in it
Increases spending subject to over the 2026–2031 period; specific dollar amount not disclosed in the abstract.
This bill requires Congress to appropriate new federal money to fund SBA artificial intelligence programs for small businesses over the next five years, though the abstract does not provide the total cost estimate.
Passed the House by on June 23, 2026 — sitting in the Senate.
House
Introduced
(May 19, 2026)
House
Committee on Small Business(May 19, 2026)
House
The Committee on Small Business voted to send it to the floor
Reported 23 - 0(May 20, 2026)
Committee report H. Rept. 119-681.
House
Passage of the bill
Passed by (Jun 23, 2026)
No individual votes were recorded.
Senate
Received from the House
on Small Business and Entrepreneurship(Jun 24, 2026)
- George Latimer (D-NY)