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Improving IT Systems for Small Businesses

This act requires the Small Business Administration (SBA) to improve its information technology systems to better manage risks and ensure data security. This aims to increase the efficiency of SBA operations, which can indirectly facilitate small businesses' access to support and services, impacting their stability and growth.
Key points
Strengthening data security and IT systems within the agency supporting small businesses.
Better risk management in technology projects to prevent failures and issues.
Increased transparency and accountability in spending on technological modernization.
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Status:
Expired
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Additional Information
Print number: 118_HR_10119
Sponsor: Rep. Velázquez, Nydia M. [D-NY-7]
Process start date: 2024-11-13
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

SBA IT Modernization Reform Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10119.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-11-13.

What are the main provisions?

Key points include:

  • Strengthening data security and IT systems within the agency supporting small businesses.
  • Better risk management in technology projects to prevent failures and issues.
  • Increased transparency and accountability in spending on technological modernization.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Velázquez, Nydia M. [D-NY-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Informatization Economy