The purpose of this legislative text is to enhance support for small businesses owned and controlled by residents of Pacific territories, specifically Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands. The goal is to create a program within the Small Business Administration (SBA) that provides assistance similar to what is available for socially and economically disadvantaged businesses. The key provisions include the establishment of a new program under the Small Business Act that focuses on small businesses owned by Pacific territories residents.