7(a) Program Risk Oversight Act
To amend the Small Business Act to modify the annual report of the Office of Credit Risk Management, and for other purposes.
This bill, HB9691, proposes changes to the Small Business Act, specifically modifying the annual report of the Office of Credit Risk Management. The aim is to improve how this office reports on credit risks affecting small businesses, ensuring more accurate and comprehensive data. This could help small business owners make better financial decisions and potentially access more credit.
The changes would mainly impact small business owners, lenders, and the Office of Credit Risk Management itself. By enhancing the report's quality, it could lead to better credit assessments and more favorable lending conditions for small businesses.
HB9691 was introduced on July 14, 2026, and referred to the House Committee on Small Business the same day. The bill is still in its early stages, and further actions, such as committee reviews and potential votes, will follow in the legislative process.
