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HR 10329

Combating Foreign Threats to Main Street Act of 2026

119th Congress Introduced by Derek Tran and 1 co-sponsor

SBA must create and annually update educational materials informing small businesses about foreign-adversary risks and best practices to protect IP, data, and supply chains.

Introduced in House
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WeVote Research Nonpartisan
Bill Summary · HR 10329

Overview

  • Bill: HR 10329, Combating Foreign Threats to Main Street Act of 2026
  • Session: 119th Congress, 2nd Session
  • Introduced: September 10, 2026 by Rep. Williams (TX) and Rep. Tran (co-sponsor)
  • Purpose: Require the Small Business Administration (SBA) Administrator to develop and disseminate educational materials about foreign adversary conduct that poses material harm to small business concerns. The bill also establishes requirements for content, dissemination, annual updates, and notifications to congressional committees.

Main purpose and intent

  • To inform and protect small businesses from harmful foreign-adversary conduct by providing targeted educational resources.
  • Aims to raise awareness among small businesses about risks from foreign investment, partnerships, cyber threats, IP theft, counterfeit goods, and other activities that could harm their operations, supply chains, or sensitive information.

Key provisions and changes

  • Educational Materials (Sec. 2(a)-(c))

    • SBA must develop educational materials in consultation with appropriate federal agency heads.
    • Materials describe:
    • The nature of foreign adversary conduct that harms small businesses.
    • How such conduct harms small businesses.
    • Best practices to protect intellectual property, sensitive information, and supply chains.
    • Guidance on cybersecurity and data protection for small businesses.
    • Risks associated with foreign investment, joint ventures, licensing, and other relationships involving foreign adversaries or “additional covered entities.”
    • Federal resources available to help address these issues.
    • Guidance on safeguarding interests in foreign markets while avoiding unnecessary restrictions on lawful activity.
    • Dissemination: Materials must be made available through SBA district offices and other SBA programs.

  • Annual Review and Updates (Sec. 2(d))

    • Beginning October 1, 2027, and annually thereafter, SBA (in consultation with federal agency heads) must:
    • Review materials to reflect emerging foreign-adversary conduct, evolving tactics, changes in law/policy, and current best practices.
    • Update materials as needed to stay accurate and current.

  • Notice and Transparency (Sec. 2(e))

    • If SBA determines, in consultation with appropriate federal agency heads, that an activity poses a significant risk to U.S. economic or national security interests, SBA must notify the House Committee on Small Business and the Senate Committee on Small Business and Entrepreneurship.
    • Notification must include the specific activity identified and the justification for the determination.

  • Definitions (Sec. 2(f))

    • Additional Covered Entity: entity, affiliate, or individual on a list described in a specified section of the Small Business Act.
    • Appropriate Federal Agency Head: defined to include leaders from DHS, State, FBI, Treasury, Commerce, USTR, PTO, Copyright Office, and other relevant agency heads as determined by SBA.
    • Foreign Adversary: defined per the "foreign adversary" designation in CFR.
    • Foreign Adversary Conduct That Poses Material Harm: includes theft of IP/trade secrets, cyber intrusions, forced labor/importation of goods produced with forced labor, counterfeit goods and related fraud, predatory or non-market investment practices, and any other activity posing significant risk per SBA’s determination.
    • Small Business Concern: as defined in the Small Business Act.

Who would be affected

  • Small businesses across the United States, particularly those engaged in international partnerships, cross-border data exchange, or supply chains with foreign entities.
  • SBA district offices and SBA program participants, which would implement and disseminate the educational materials.
  • Federal agency partners who would contribute to content development and annual updates.
  • Legislators and committees receiving notifications when significant risks are identified.

Procedural and timeline aspects

  • Effective date: Not explicitly stated; initial material development would occur after enactment, with annual updates beginning on October 1, 2027.
  • Reporting/notification: Automatic notification to specified congressional committees if a defined activity poses significant risk.
  • Oversight: SBA Administrator, in coordination with designated federal agency heads, responsible for ongoing content accuracy and dissemination.

Potential impact

  • Improves small businesses’ awareness of foreign threats and practical steps to mitigate risk.
  • Encourages proactive cyber hygiene, IP protection, and supply-chain resilience among small firms.
  • Establishes formalized, ongoing updates to risk education aligned with evolving threats.
  • Increases transparency to Congress when significant foreign-threat activities are identified.

If you’d like, I can tailor this summary to a specific audience (e.g., policymakers, small-business owners) or add a quick comparison to existing SBA risk education programs.

Compiled from official sources — confirm details with the bill’s official record.

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