We have received text from H.R. 4491: SBA IT Modernization Reporting Act. This bill was received on 2025-07-17, and currently has 1 cosponsor.
Here is a short summary of the bill:
This bill, titled the SBA IT Modernization Reporting Act , aims to improve the information technology (IT) systems of the Small Business Administration (SBA). The main provisions of the bill can be summarized as follows:
1. Implementation of IT Recommendations
The bill requires the Administrator of the SBA, through its Chief Information Officer, to take necessary actions to implement recommendations from a report by the Comptroller General. This report emphasizes that the SBA needs to address risks associated with its newly deployed IT systems.
2. Development of an Implementation Plan
Within 180 days of the bill becoming law, the SBA Administrator must submit an implementation plan to both the House and Senate Small Business Committees. This plan must include:
- Identification of risks for each project and their sources.
- Clear definitions of risk parameters.
- Strategies for managing identified risks.
- Documentation of risks throughout the project lifecycle.
- Evaluation and prioritization of risks along with management plans.
- Connection of risk mitigation measures to the plans.
- Inclusion of cyber risk management information in acquisition and strategic plans.
- Performance and documentation of traceability analyses.
- Involvement of security experts in project contractor selection.
- Development of master schedules based on recognized best practices.
- Use of best practices for cost estimating and management.
3. Additional Plan Requirements
The implementation plan must also specify the office responsible for executing each action and provide timelines for the completion of these actions.
4. Required Briefing
Within 30 days of submitting the implementation plan, the Administrator is required to brief the Small Business Committees in both chambers of Congress regarding the plan.
Relevant Companies
None found
Representative Gilbert Ray Cisneros, Jr. Stock Trading
We have data on up to $41.7M of trades from Representative Gilbert Ray Cisneros, Jr., which we parsed from STOCK Act filings. Some of the largest trades include:
- A February 11th, 2019 sale of up to $500K of $AAPL. The stock has risen 398.57% since then.
- A December 15th, 2020 sale of up to $100K of $DNKN.
- A January 31st, 2025 purchase of up to $100K of $HE. The stock has risen 17.51% since then.
- A December 21st, 2020 sale of up to $100K of $ALXN. The stock has risen 17.87% since then.
- A April 8th, 2025 purchase of up to $100K of $ARIS. The stock has fallen 9.93% since then.
You can track Representative Gilbert Ray Cisneros, Jr.'s stock trading on Quiver Quantitative's politician page for Cisneros.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
