Supporting NEW BUSINESSES Act

Summary#

This bill adds a new section to the Small Business Act that creates an annual award program run by the Small Business Administration (SBA). The SBA must give three awards each year to State or local governments that make it easier to form small businesses. One award goes to a place with at least 400,000 people, one to a place with 100,000–399,999 people, and one to a place with fewer than 100,000 people. Governments must apply to the SBA. The SBA will consider actions such as cutting paperwork, creating user-friendly online portals, reducing conflicting rules across jurisdictions, or other ways of making the start-up process more efficient.

What it means for you#

• If you work for a State or local government: your jurisdiction can apply for one of three annual awards if it has taken steps to make starting a small business easier.
• If you want to start a small business: the bill encourages governments to simplify paperwork, offer consolidated resources, and use online tools that could make the process easier in places that pursue these changes.
• If you are a member of the public: the bill focuses on recognizing government efforts; it does not itself change how businesses are formed.

Expenses#

No publicly available information on the amount of the awards, how they will be funded, or any administrative costs. The bill text does not specify prize money or budget details.

Proponents' View#

No publicly available information in the bill text about supporters' statements, rationale, or expected benefits beyond the program description.

Opponents' View#

No publicly available information in the bill text about objections, concerns, or opposing arguments.