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Rural Small Business Support: New Reporting Requirements

This act mandates the Small Business Administration (SBA) to regularly report on its activities supporting small businesses in rural areas. This will provide citizens and Congress with a clear picture of how taxpayer money is used to promote rural economic development, potentially influencing the availability of aid programs for entrepreneurs.
Key points
The SBA must publish annual reports on the activities of its Office of Rural Affairs, including financial assistance provided and outreach events conducted.
A report is required on the SBA's collaboration with the Department of Agriculture, aiming to increase transparency of joint efforts for rural development.
The act does not authorize additional funding, meaning reporting will be carried out within existing budget allocations.
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Additional Information
Print number: 118_HR_5265
Sponsor: Rep. Alford, Mark [R-MO-4]
Process start date: 2023-08-25