The bill, "SBA Artificial Intelligence Utilization Act of 2026," requires the Small Business Administration to submit reports to Congress on their use of artificial intelligence and machine learning. These reports should detail the benefits and risks of this technology, measures to manage such risks, and how to retain human involvement in important decisions made using AI or machine learning. The bill also entails providing briefings to Congress after each report submission. The aim is to ensure effective identification, evaluation, and management of the benefits and risks of AI and machine learning in the Administration's work, including assessing the tools' potential to improve operations, productivity, and customer service.
SBA Artificial Intelligence Utilization Act of 2026
This bill requires the Small Business Administration (SBA) to annually report on the SBA's use of artificial intelligence and machine learning.
The report must include information about (1) the benefits and risks posed by the SBA's use of artificial intelligence and machine learning; and (2) measures that the SBA can take to identify, evaluate, and manage such benefits and risks, including explanations of how the SBA can retain human involvement in decisions informed by the use of artificial intelligence or machine learning.
Additionally, not later than 30 days after submitting each report, the SBA must brief the House Committee on Small Business and the Senate Committee on Small Business and Entrepreneurship about the report.