This bill requires federal agencies to report annually on major projects that are either significantly delayed or exceed their original budget by over $1 billion. Covered agencies (including Executive departments and independent regulatory bodies) must submit detailed reports for each "covered project," including cost changes, schedule delays, contractor information, and explanations for budget overruns. The Office of Management and Budget will compile these reports into a public annual document for Congress and the public. The bill does not change funding or stop projects - it only mandates transparency about large-scale federal spending.
The Small Business Cybersecurity Assistance Evaluation Act of 2026 directs the Government Accountability Office to conduct a comprehensive study of existing federal cybersecurity initiatives, tools, and services designed to support small businesses. The investigation will assess how effectively these resources help owners identify cyber risks, prepare for threats, recover from attacks, and secure funding for security measures. Additionally, the study will evaluate the level of awareness among small business owners regarding these programs and examine how well different federal efforts are coordinated with one another. Upon completion, the findings and recommendations for improving these services will be submitted to the relevant congressional committees without authorizing any new spending.
The Supporting Disabled Entrepreneurs Act establishes a new position within the Small Business Administration’s Office of Diversity, Inclusion and Civil Rights to coordinate support for businesses owned by individuals with disabilities. This Coordinator is tasked with developing strategies, facilitating outreach, and creating training programs to help these businesses access capital, counseling, and federal contracting opportunities. The bill requires the SBA to voluntarily collect data on the disability status of small business owners through intake forms and to publicly report on services provided to this group. Additionally, the Coordinator must hold semi-annual public meetings with stakeholders and submit a report to Congress within two years detailing program effectiveness and recommendations for further support.
This joint resolution seeks to disapprove a rule issued by the Small Business Administration that changes citizenship and residency requirements for 7(a) and 504 business loans. If passed, the measure would cancel the new regulations, preventing any updates to who is eligible to own or apply for these specific types of government-backed loans. The bill directly affects small business owners and lenders who might have been impacted by the proposed restrictions. By rejecting the rule, Congress intends to stop the changes from taking legal effect.
The SBA IT Modernization Reporting Act requires the Small Business Administration to create a detailed plan for updating its information technology systems based on a recent audit report. This plan must outline specific steps to manage project risks, improve scheduling and cost estimates, and ensure security experts are involved in hiring contractors. The agency must submit this implementation plan to Congress within 180 days and provide a briefing on it within 30 days of submission. These measures aim to establish clearer policies for managing technology projects and reducing risks within the SBA.
