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Support for Entrepreneurs Over 50: Business Training and Growth.

This act aims to support older individuals who own businesses by establishing a specialized training program. This program will help them grow their businesses, manage finances, and plan for the future, including selling or transferring their companies. Entrepreneurs over 50 will gain new tools and opportunities for development.
Key points
New 210-day training program for business owners over 50, available both in-person and virtually.
Training covers technology, business expansion, estate management, retirement strategies, and winding down operations (e.g., selling the business).
Access to capital resources, mentorship, networking opportunities, and information on government contracts.
Performance and growth benchmarks for businesses for 2 years after program completion, with feedback provided.
Collection of data on loans and grants to businesses owned by older individuals to better assess their needs.
article Official text account_balance Process page
Expired
Citizen Poll
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Additional Information
Print number: 117_HR_7552
Sponsor: Rep. Kim, Young [R-CA-39]
Process start date: 2022-04-21
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Golden-preneurship Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7552.

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 2022-04-21.

What are the main provisions?

Key points include:

  • New 210-day training program for business owners over 50, available both in-person and virtually.
  • Training covers technology, business expansion, estate management, retirement strategies, and winding down operations (e.g., selling the business).
  • Access to capital resources, mentorship, networking opportunities, and information on government contracts.
  • Performance and growth benchmarks for businesses for 2 years after program completion, with feedback provided.
  • Collection of data on loans and grants to businesses owned by older individuals to better assess their needs.
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. Kim, Young [R-CA-39].

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 Labor