This bill helps small businesses by providing more funding for program administration and encouraging participation from underserved areas. It aims to ensure that more businesses can access support and resources.
If you run a small business, this bill could make it easier for you to access funding and support.
Who this affects
Small business owners · Entrepreneurs
What changes is this bill making?
1This bill extends funding for administrative costs related to small business programs until 2030.
2It increases the percentage of funds available for these costs from 3 percent to 3.3 percent.
3Federal agencies must transfer at least 10 percent of certain appropriations to support small business programs.
4The bill aims to boost participation from states that have received fewer small business awards historically.
5It allows federal agencies to use funds to improve outreach and technical assistance for small businesses.
