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Support for Small Businesses in Emerging Markets and Disadvantaged Groups

This act establishes a new office within the Small Business Administration to assist small businesses in low-income and rural areas, and those owned by women, minorities, veterans, and individuals with disabilities. The goal is to facilitate their access to financial support and development programs, potentially leading to job creation and improved local economies.
Key points
Creation of an Office of Emerging Markets within the Small Business Administration to focus on specific entrepreneurial groups.
Facilitating access to loan and capital programs for small businesses in challenging locations and for owners from disadvantaged groups.
Support for businesses owned by veterans, individuals with disabilities, women, and minorities, potentially increasing their growth opportunities.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_63
Sponsor: Sen. Cardin, Benjamin L. [D-MD]
Process start date: 2021-01-27
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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

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_S_63.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-01-27.

What are the main provisions?

Key points include:

  • Creation of an Office of Emerging Markets within the Small Business Administration to focus on specific entrepreneurial groups.
  • Facilitating access to loan and capital programs for small businesses in challenging locations and for owners from disadvantaged groups.
  • Support for businesses owned by veterans, individuals with disabilities, women, and minorities, potentially increasing their growth opportunities.
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. Cardin, Benjamin L. [D-MD].

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.

CATEGORIES

Economy Benefits