3.0.0 4071 2023-01-11T13:38:25Z 2023-01-11T13:38:25Z House HR 2017-10-16 115 [Congressional Record Volume 163, Number 166 (Monday, October 16, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. BLUNT ROCHESTER:H.R. 4071.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3The Congress shall have Power * * * To regulate Commercewith foreign Nations, and among the several States, and withthe Indian Tribes.[Page H8037]]]> hssm00 Small Business Committee House Standing Referred to 2017-10-16T14:00:10Z Jobs and Justice Act of 2018 115 5785 HR 2018-05-14 Referred to the Subcommittee on Water Resources and Environment. Related bill CRS SOAR Act 115 1969 S 2017-10-17 Read twice and referred to the Committee on Small Business and Entrepreneurship. Related bill CRS 2017-10-16 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2017-10-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-10-16 Introduced in House IntroReferral 1000 9 Library of Congress B001303 Rep. Blunt Rochester, Lisa [D-DE-At Large] Lisa Blunt Rochester D DE N F000466 Rep. Fitzpatrick, Brian K. [R-PA-8] Brian Fitzpatrick R PA K. 8 2017-10-16 True Commerce Business education Business investment and capital Correctional facilities and imprisonment Disability and paralysis Government information and archives Indian social and development programs Minority and disadvantaged businesses Small business Veterans' education, employment, rehabilitation Women in business Commerce 00 2017-10-16 Introduced in House 2019-05-15T20:34:05Z Startup Opportunity Accelerator Act of 2017 or the SOAR Act

This bill amends the Small Business Act to require the Small Business Administration to develop and begin implementing a program to award cash prizes or grants of up to $50,000 to an organization to support new small businesses operating for five years or less. These awards may be used for construction costs, space acquisition, and programmatic purposes, but may not be used to provide capital or professional services to such businesses directly or through the subaward of funds.

The organization must be located in the United States, with a primary purpose to support new small businesses and be often classified as an accelerator. The term "accelerator" means an organization that (1) frequently provides, but is not exclusively designed to provide, seed investment in exchange for a small amount of equity; (2) works with a startup for a predetermined amount of time; (3) provides mentorship and instruction to scale businesses; or (4) offers startup capital or the opportunity to raise capital from outside investors.

]]> SOAR Act Display Title SOAR Act Short Titles as Introduced SOAR Act Short Titles as Introduced Startup Opportunity Accelerator Act of 2017 Official Title as Introduced To amend the Small Business Act to create a program to provide funding for organizations that support startup businesses in formation and early growth stages by providing entrepreneurs with resources and services to produce viable businesses, and for other purposes. Introduced in House 2017-10-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr4071ih/xml/BILLS-115hr4071ih.xml 2017-10-16 Referred to the House Committee on Small Business. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.