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Small Business Support: New Rules and Funding for Development Programs

This act streamlines support programs for small businesses, introducing new rules for advisory and educational services. It increases transparency of government agencies and improves data collection, aiming to better tailor assistance to entrepreneurs' needs. Citizens running small businesses can expect more effective support and easier access to information.
Key points
Increased Transparency: Agencies supporting small businesses will have to report detailed information on their activities and expenditures, making it easier for citizens to assess program effectiveness.
Improved Data: A working group will be established to develop new methods for collecting data on entrepreneurs' needs, leading to more effective support programs.
More Marketing Funds: Small business development centers can use up to 10% of their funds for advertising and promoting services to reach more individuals in need.
Private Partnerships: Small business development centers can collect fees from private partnerships, potentially increasing their financial capacity.
Data Confidentiality: New rules for client data confidentiality, including email addresses and content of assistance, enhance personal information security.
Increased Funding: Authorized funds for small business support programs are increased to $175 million annually for fiscal years 2024-2027, meaning more resources available for entrepreneurs.
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Expired
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Additional Information
Print number: 118_HR_5367
Sponsor: Rep. Golden, Jared F. [D-ME-2]
Process start date: 2023-09-08
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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

Small Business Development Centers Improvement Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_5367.

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 2023-09-08.

What are the main provisions?

Key points include:

  • Increased Transparency: Agencies supporting small businesses will have to report detailed information on their activities and expenditures, making it easier for citizens to assess program effectiveness.
  • Improved Data: A working group will be established to develop new methods for collecting data on entrepreneurs' needs, leading to more effective support programs.
  • More Marketing Funds: Small business development centers can use up to 10% of their funds for advertising and promoting services to reach more individuals in need.
  • Private Partnerships: Small business development centers can collect fees from private partnerships, potentially increasing their financial capacity.
  • Data Confidentiality: New rules for client data confidentiality, including email addresses and content of assistance, enhance personal information security.
  • Increased Funding: Authorized funds for small business support programs are increased to $175 million annually for fiscal years 2024-2027, meaning more resources available for entrepreneurs.
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: 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 2025-12-25.

CATEGORIES

Economy