SBA IT Modernization Reporting Act

Adam B. Schiff

Democrat · CA · Senator

Source: Congress.gov · FEC

• John R. Curtis (R-UT)Original· 2026-07-13

Read twice and referred to the Committee on Small Business and Entrepreneurship.

2026-07-13

Source: Congress.gov

The Small Business Administration would be required to update and improve its computer systems and technology infrastructure based on specific recommendations to make its operations more efficient and effective. This modernization would help the agency better serve small business owners by improving how it processes loans, provides assistance, and manages its internal operations. The changes would primarily affect how the SBA delivers services to entrepreneurs and small business applicants.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

119 S4948 IS: SBA IT Modernization Reporting Act U.S. Senate 2026-07-13 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. II119th CONGRESS2d SessionS. 4948IN THE SENATE OF THE UNITED STATESJuly 13, 2026Mr. Schiff (for himself and Mr. Curtis) introduced the following bill; which was read twice and referred to the Committee on Small Business and EntrepreneurshipA BILLTo require the Administrator of the Small Business Administration to implement certain recommendations relating to information technology modernization, and for other purposes.1.Short titleThis Act may be cited as the SBA IT Modernization Reporting Act.2.DefinitionsIn this Act, the terms Administration and Administrator mean the Small Business Administration and the Administrator thereof, respectively.3.Implementation of recommendations relating to information technology modernization for the Small Business Administration(a)In generalThe Administrator, acting through the Chief Information Officer of the Administration, shall take such actions as may be necessary to implement the recommendations contained in the report of the Comptroller General of the United States titled IT MODERNIZATION: SBA Urgently Needs to Address Risks on Newly Deployed System (GAO–25–106963; published November 6, 2024).(b)Implementation planNot later than 180 days after the date of enactment of this Act, the Administrator shall submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives an implementation plan detailing the actions the Administration will undertake to establish and implement policies and procedures to govern information technology modernization projects of the Administration, which policies and procedures shall, with respect to each project—(1)for each risk identified, explicitly state the source of such risk in the relevant risk documentation;(2)clearly define risk parameters;(3)establish and maintain risk management strategies;(4)identify and document risks for all phases of the life cycle;(5)evaluate, categorize, and prioritize risks based on defined risk parameters and develop project risk management plans;(6)connect measures to mitigate risk to risk mitigation plans;(7)require that any information technology acquisition plan and any strategic plan contains information needed to manage cyber risks;(8)require that a traceability analysis is performed and documented;(9)require that security-related subject matter experts are involved in selection process for contractors for a project;(10)develop master schedules using the guidelines contained in the publication of the Comptroller General of the United States titled GAO Schedule Assessment Guide: Best Practices for Project Schedules (GAO–16–89G; published December 22, 2015); and(11)develop cost estimates using the guidelines contained in the publication of the Comptroller General of the United States titled Cost Estimating and Assessment Guide: Best Practices for Developing and Managing Program Costs (GAO–20–195G; published March 12, 2020).(c)Additional requirementsThe implementation plan required under this section shall include the actions required to carry out the requirements listed in paragraphs (1) through (11) of subsection (b), an identification of the office of the Administration responsible for implementation, and the timelines for completion of each action.(d)Briefing requiredNot later than 30 days after the submission of the implementation plan required under this section, the Administrator shall provide to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives a briefing on the plan.

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