The bill requires the Small Business Administration to submit annual reports to Congress on the use of artificial intelligence and machine learning, including their benefits, risks, and measures to effectively manage them. The reports must outline how human involvement will be retained in decisions informed by AI or machine learning, identify tasks they can effectively perform, determine suitable tools for specific functions, and assess if adopting AI or machine learning is worthwhile. Additionally, the bill mandates the Administration to provide briefings to Congress on each report submitted. The terms 'artificial intelligence' and 'machine learning' carry the definitions from the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021.
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.