Provided by: Quiver LegislationRadar
Posted: 2 hours ago / May 20, 2026 3:43 PM UTC
HR 8881: Received text from the 2026 SBA Artificial Intelligence Usage Act. This bill was received on May 19, 2026 and currently has one co-sponsor.
The outline of the bill is as follows.
This bill is known as
SBA 2026 Artificial Intelligence Usage Act
aims to amend the Small Business Act to establish specific reporting requirements regarding the use of artificial intelligence (AI) and machine learning by the Small Business Administration (SBA).
Main regulations
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Reporting requirements:
The SBA Administrator would be required to submit a report within 90 days of enactment of the bill and annually thereafter. This report should cover the following aspects:-
How SBA leverages AI and machine learning.
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the benefits and risks associated with operating this technology;
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Measures taken to identify, assess, and manage both the benefits and risks of using AI and machine learning.
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Human involvement in decision making:
Reports should also include strategies for maintaining human oversight on key decisions that involve AI or machine learning recommendations. -
Identifying the task:
Managers evaluate which tasks can be effectively managed with AI or machine learning and which tasks should remain human-driven to improve operations, productivity, and customer service. -
Appropriate tools:
The report should address how to determine the suitability of a particular AI or machine learning tool for different tasks and functions. -
Needs evaluation:
Administrators should evaluate whether a proposed AI or machine learning tool adequately meets the SBA’s needs before adopting it. -
Information session requirements:
After each report, the administrator must provide an explanation to the relevant parliamentary committee within 30 days. -
Definition:
The bill clarifies that the terms “artificial intelligence” and “machine learning” are defined pursuant to existing law under the National Defense Authorization Act for Fiscal Year 2021.
Impact on the Small and Medium Enterprise Agency
This bill emphasizes the importance of ethically and effectively integrating AI and machine learning into SBA operations. It aims to improve understanding of the application of technology while ensuring that human judgment remains essential in the decision-making process.
Related companies
Rep. Brad Finstad’s bill proposal
Below are some of the bills recently proposed by Congressman Brad Finstad.
- HR8881: 2026 SBA Artificial Intelligence Usage Act
- HR8848: Amends title 10, United States Code, to include the National Guard Relief Foundation in the definition of “military welfare society” in certain laws administered by the secretaries of military departments.
- HR7789: Federal Financing System Modernization Act of 2026
- HR7426: USDA Express Loan Act of 2026
- HR6978: Maintaining the Integrity of the Immigration Benefits Act
- HR6855: White House Conference on the Small Business Act of 2025
You can track bills proposed by Rep. Brad Finstad on Finstad’s Politicians page on Quiver Quantitative.
Representative Brad Finstad Net Worth
Quiver Quantitative estimates that Congressman Brad Finstad is worth 4 million dollarsas of May 20, 2026. According to our current estimates, this is the 188th highest net worth in Congress.
Finstad is approx. $0 Invested in publicly traded assets that can be tracked live by Quiver.
You can track Rep. Brad Finstad’s net worth on Finstad’s Politicians page on Quiver Quantitative.
2026 Minnesota 1st Congressional District Election
According to our estimates, approximately $3,816,847 has been spent on elections in Minnesota’s 1st Congressional District over the past two years.
Approximately $105,455 of this amount comes from outside spending by PACs and super PACs. Groups putting money into this race include:
This race is currently rated ‘Solid R’.
This election can be tracked on the 2026 Minnesota 1st Congressional District Election Matchups page.
This article is not financial advice. For more information, please see the Quiver Quantitative Disclaimer.
