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Helping Small Businesses Stabilize Fuel and Commodity Costs

A new government program aims to help small businesses protect themselves from sudden increases in fuel and other key commodity prices. Through this program, businesses will be able to enter into special agreements to lock in prices in advance, providing greater financial stability and predictability of expenses. The program seeks to reduce the risk associated with price volatility, which can lead to better planning and growth for small enterprises.
Key points
Small businesses can apply to participate in a program designed to help them hedge against rising prices of fuel (gasoline and diesel) and other selected commodities.
The program allows businesses to enter into agreements to purchase commodities at a fixed price for 60 days to 3 years, reducing cost uncertainty.
The Small Business Administration (SBA) will offer support and information to help businesses assess whether participating in the program would be beneficial for them.
Costs associated with program participation, including fees and commissions, will be borne by the participating businesses.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_202
Sponsor: Sen. Shaheen, Jeanne [D-NH]
Process start date: 2025-01-23
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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

Helping Small Businesses THRIVE Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_202.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-01-23.

What are the main provisions?

Key points include:

  • Small businesses can apply to participate in a program designed to help them hedge against rising prices of fuel (gasoline and diesel) and other selected commodities.
  • The program allows businesses to enter into agreements to purchase commodities at a fixed price for 60 days to 3 years, reducing cost uncertainty.
  • The Small Business Administration (SBA) will offer support and information to help businesses assess whether participating in the program would be beneficial for them.
  • Costs associated with program participation, including fees and commissions, will be borne by the participating businesses.
What is the specific legal status?

The current status is Introduced.

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. Shaheen, Jeanne [D-NH].

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 2025-12-23.

CATEGORIES

Economy