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Increased Funding and Privacy Protection for Small Business Support Centers

This Act significantly boosts annual funding for Small Business Development Centers (SBDCs) to $175 million, ensuring more accessible counseling and training for entrepreneurs. It also strengthens confidentiality rules, protecting clients' contact information and the content of the assistance they receive, while simultaneously demanding greater transparency regarding program performance and effectiveness.
Key points
Funding Increase: Authorized funding for Small Business Development Centers (SBDCs) is raised to $175 million annually (FY 2024-2027), improving the quality and availability of advisory services.
Enhanced Privacy: New safeguards protect clients' email addresses and the nature of the assistance received from being shared with government agencies or third parties.
Greater Transparency: The SBA must now issue a detailed annual report, including participant demographics, jobs created, and capital secured, allowing the public to better assess program effectiveness.
Improved Outreach: SBDCs are allowed to use up to 10% of their budget for marketing and advertising, helping more small businesses discover available support.
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Expired
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Additional Information
Print number: 118_S_2185
Sponsor: Sen. Cardin, Benjamin L. [D-MD]
Process start date: 2023-06-22
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Summarized by: gemini-2.5-flash-preview-09-2025
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_S_2185.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-06-22.

What are the main provisions?

Key points include:

  • Funding Increase: Authorized funding for Small Business Development Centers (SBDCs) is raised to $175 million annually (FY 2024-2027), improving the quality and availability of advisory services.
  • Enhanced Privacy: New safeguards protect clients' email addresses and the nature of the assistance received from being shared with government agencies or third parties.
  • Greater Transparency: The SBA must now issue a detailed annual report, including participant demographics, jobs created, and capital secured, allowing the public to better assess program effectiveness.
  • Improved Outreach: SBDCs are allowed to use up to 10% of their budget for marketing and advertising, helping more small businesses discover available support.
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 2025-12-26.

CATEGORIES

Economy