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Support for Older Entrepreneurs: Training Program and Resources

This act establishes a new training program for businesses owned by older individuals, aiming to help them grow and manage their operations. The program offers support in digitalization, business expansion, retirement planning, and selling a business. Its goal is to strengthen the position of older entrepreneurs in the economy.
Key points
New training program for businesses owned by older individuals (over 45, especially 55+).
Support in digitalization, business development, succession planning, and access to capital.
Option for in-person and virtual training, with a focus on rural areas.
Monitoring older entrepreneurs' access to federal loans and grants.
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Status:
Expired
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Additional Information
Print number: 117_S_2348
Sponsor: Sen. Scott, Tim [R-SC]
Process start date: 2021-07-14
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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_S_2348.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-07-14.

What are the main provisions?

Key points include:

  • New training program for businesses owned by older individuals (over 45, especially 55+).
  • Support in digitalization, business development, succession planning, and access to capital.
  • Option for in-person and virtual training, with a focus on rural areas.
  • Monitoring older entrepreneurs' access to federal loans and grants.
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 Sen. Scott, Tim [R-SC].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy Labor