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New Support for Small Businesses in Underserved Areas and for Specific Groups

This bill creates a new office within the government agency that supports small businesses. Its purpose is to focus specifically on helping businesses in areas that need more support, like rural or low-income communities, and businesses owned by groups such as women, minorities, and veterans, making it easier for them to grow and access funding.
Key points
Establishes a dedicated office within the Small Business Administration (SBA) to support businesses in specific areas and owned by certain groups of citizens.
Aims to improve access to government loans and programs for small businesses in underserved communities and those owned by women, minorities, and veterans.
Focuses on helping businesses located in rural areas, low-income communities, and designated economic development zones.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_6189
Sponsor: Rep. Neguse, Joe [D-CO-2]
Process start date: 2021-12-08
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Unlocking Opportunities in Emerging Markets Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6189.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-12-08.

What are the main provisions?

Key points include:

  • Establishes a dedicated office within the Small Business Administration (SBA) to support businesses in specific areas and owned by certain groups of citizens.
  • Aims to improve access to government loans and programs for small businesses in underserved communities and those owned by women, minorities, and veterans.
  • Focuses on helping businesses located in rural areas, low-income communities, and designated economic development zones.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Neguse, Joe [D-CO-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy