H.R. 10329: Combating Foreign Threats to Main Street Act of 2026

This bill would direct the Small Business Administration (SBA) to create and share educational materials for small businesses about harmful conduct by foreign adversaries and related risks.

What the SBA would have to do

The SBA, working with relevant federal agencies, would have to develop materials that explain:

• What kinds of foreign-adversary activity can harm small businesses
• How that activity can cause harm
• How small businesses can protect intellectual property, trade secrets, sensitive information, and supply chains
• Cybersecurity and data protection best practices
• Risks tied to foreign investment, joint ventures, licensing deals, and other business relationships involving foreign adversaries or certain listed entities
• Federal resources available to help small businesses spot, avoid, and respond to these risks
• How to protect business interests in foreign markets without unnecessarily limiting lawful business activity

How the information would be shared

The SBA would have to make these materials available through its district offices and other SBA programs, so they could reach small businesses more directly.

What kinds of risks are covered

The bill defines harmful foreign-adversary conduct broadly. It includes, at minimum:

• Theft of intellectual property, trade secrets, or proprietary information
• Cyberattacks and other malicious cyber activity
• Forced labor and goods made wholly or partly with forced labor
• Counterfeit goods, illicit trade, customs evasion, and related fraud
• Investment practices that are considered predatory or not based on normal market terms
• Other activities the SBA determines pose significant economic or national security risks

Ongoing updates

Starting October 1, 2027, the SBA would have to review these materials every year and update them as needed to reflect new threats, changing tactics, legal changes, and current best practices.

Congressional notice in some cases

If the SBA determines that a particular activity creates a significant risk to U.S. economic or national security interests, it would have to notify the House and Senate Small Business Committees and explain what the activity is and why it is considered risky.

Relevant Companies

None found