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Small Business Support: New Reporting and Funding Rules

This Act modifies the operations of Small Business Development Centers, enhancing transparency through mandatory annual reporting. It aims to improve small businesses' access to support and training, and allows centers to better promote their services. The changes are designed to streamline aid for entrepreneurs and optimize the use of public funds.
Key points
Small Business Development Centers will be required to report annually on their activities, including the number of individuals trained, jobs created, and capital secured, increasing transparency.
Centers can now use up to 10% of their budget for marketing and advertising to reach more small businesses and entrepreneurs in need of support.
New data collection rules are introduced, including a working group to develop best practices for gathering information, aiming to improve the quality and utility of data on supported businesses.
Personal data protection for individuals receiving assistance is strengthened, expanding the scope of information that cannot be disclosed without consent.
The maximum annual funding for Small Business Development Centers is increased to $175 million for fiscal years 2022-2025, ensuring stability and growth for support programs.
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Expired
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Additional Information
Print number: 117_HR_6445
Sponsor: Rep. Golden, Jared F. [D-ME-2]
Process start date: 2022-01-20
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Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Small Business Development Centers Improvement Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6445.

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 2022-01-20.

What are the main provisions?

Key points include:

  • Small Business Development Centers will be required to report annually on their activities, including the number of individuals trained, jobs created, and capital secured, increasing transparency.
  • Centers can now use up to 10% of their budget for marketing and advertising to reach more small businesses and entrepreneurs in need of support.
  • New data collection rules are introduced, including a working group to develop best practices for gathering information, aiming to improve the quality and utility of data on supported businesses.
  • Personal data protection for individuals receiving assistance is strengthened, expanding the scope of information that cannot be disclosed without consent.
  • The maximum annual funding for Small Business Development Centers is increased to $175 million for fiscal years 2022-2025, ensuring stability and growth for support programs.
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. Golden, Jared F. [D-ME-2].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H4463-4464)

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Economy