WASHINGTON – Today, the U.S. House of Representatives adopted four bipartisan bills reported out of the Small Business Committee.
Following passage of this legislation, House Committee on Small Business Ranking Member Steve Chabot (R-OH) said, “These bills ensure that small business owners across our country will continue to have access to valuable mentoring and training programs through the Small Business Administration. I thank Chairwoman Velázquez and my colleagues from both sides of the aisle for their leadership on this legislation.”
H.R. 4406, the Small Business Development Centers Improvement Act – introduced by Rep. Jared Golden (D-ME) and Rep. Aumua Amata Radewagen (R-AS)
H.R. 4406 reauthorizes the SBDC Program for four years. The bill streamlines SBA and SBDC processes and reduces programmatic duplication to maximize the program’s impact on America’s small businesses.
H.R. 4405, the Women’s Business Centers Improvements Act – introduced by Rep. Sharice Davids (D-KS) and Rep. Jim Hagedorn (R-MN)
H.R. 4405 reauthorizes the WBC Program for four years. The bill raises the cap on individual center grants and indexes it for inflation. It also establishes a new governing body to facilitate accreditation and standardization of WBCs.
H.R. 4407, the SCORE for Small Business Act of 2019 – introduced by Rep. Kevin Hern (R-OK) and Rep. Angie Craig (D-MN)
H.R. 4407 reauthorizes the SCORE Program for three years. The bill also establishes new compliance and oversight requirements to protect taxpayer dollars and sets new outcome-based performance goals to ensure the program meets the SBA’s standards and Congressional intent.
H.R. 4387, to establish Growth Accelerator Fund Competition within the Small Business Administration – introduced by Rep. Adriano Espaillat (D-NY) and Rep. Troy Balderson (R-OH)
H.R. 4387 codifies the SBA-initiated Growth Accelerator Fund Competition within the SBA for four years. The program awards $50,000 prizes to the nation’s most innovative small business accelerators and incubators.