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Entrepreneurship support program for formerly incarcerated individuals

This act establishes a pilot program to help individuals released from prison start their own businesses. The goal is to reduce unemployment and re-offending rates by providing entrepreneurship training and access to small loans. The program will run for 5 years and support organizations offering such assistance.
Key points
Formerly incarcerated individuals can receive support to start their own businesses.
The program aims to reduce recidivism and improve financial stability for participants.
Organizations providing entrepreneurship training to former prisoners will be eligible for grants.
Support includes training, mentorship, and access to microloans for business startup.
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Additional Information
Print number: 117_HR_6326
Sponsor: Rep. Carter, Troy [D-LA-2]
Process start date: 2021-12-20