New Jersey · 2026-2027 Regular Session · Bill

S 866: Requires EDA to provide loans through small business loan program at lower interest rates, with more flexible repayment terms if issued to small businesses owned or controlled by certain veterans, and prohibit certain fees.

In committee Last action January 13, 2026: Introduced in the Senate, Referred to Senate Economic Growth Committee

Plain-language summary

S 866 is a bill introduced in the New Jersey Senate on January 13, 2026. According to its official title, it concerns: Requires EDA to provide loans through small business loan program at lower interest rates, with more flexible repayment terms if issued to small businesses owned or controlled by certain veterans, and prohibit certain fees. Primary sponsor: Testa, Michael L., Jr.. Most recent recorded action (January 13, 2026): Introduced in the Senate, Referred to Senate Economic Growth Committee.

Sponsors

Primary sponsor: Testa, Michael L., Jr..