SBA Artificial Intelligence Utilization Act of 2026
Description
This bill would require the SBA to report annually and brief Congress on its use, risks, and human oversight of artificial intelligence.
Summary
What it does
This bill would require the Small Business Administration (SBA) to submit an annual report detailing its use of artificial intelligence and machine learning, including the associated benefits and risks. The report must outline how the SBA manages these technologies and maintains human involvement in decision-making processes. Additionally, the SBA would be required to brief the House and Senate small business committees on the report's findings within 30 days of its submission.
Who is affected
The Small Business Administration (SBA) is the primary agency affected, as it must produce annual reports and provide briefings on its use of artificial intelligence and machine learning. Additionally, the House Committee on Small Business and the Senate Committee on Small Business and Entrepreneurship are affected as the recipients of these mandatory reports and briefings.
Key provisions
- Annual reporting on artificial intelligence and machine learning. The Small Business Administration (SBA) is required to submit an annual report detailing its current use of artificial intelligence and machine learning technologies.
- Assessment of benefits, risks, and human oversight. The SBA must report on the advantages and hazards of these technologies, including strategies for managing risks and maintaining human involvement in AI-informed decisions.
- Congressional briefing requirement. Within 30 days of submitting each annual report, the SBA must brief the House Committee on Small Business and the Senate Committee on Small Business and Entrepreneurship regarding its findings.
Fiscal impact
- H.R. 8881, SBA Artificial Intelligence Utilization Act of 2026· As reported by the House Committee on Small Business on June 3, 2026
Effective dates
The bill establishes a recurring annual reporting requirement and specifies that the Small Business Administration must brief relevant congressional committees within 30 days of submitting each report.
Relationship to existing law
The bill establishes new reporting and briefing requirements for the Small Business Administration (SBA) regarding its internal use of artificial intelligence and machine learning technologies.
Stated purpose
The bill aims to establish oversight and transparency regarding the Small Business Administration's (SBA) adoption of artificial intelligence and machine learning. It intends to ensure the agency identifies and manages the associated benefits and risks while maintaining human involvement in automated decision-making processes.