3.0.0 4945 2023-01-01T20:19:37Z 2023-09-05T17:28:05Z House HR 2021-08-06 117 [Congressional Record Volume 167, Number 141 (Friday, August 6, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. BLUNT ROCHESTER:H.R. 4945.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3[Page H4320]]]> hssm00 Small Business Committee House Standing Referred to 2021-08-06T16:03:10Z SOAR Act 117 2631 S 2021-09-22 Committee on Small Business and Entrepreneurship. Hearings held. Related bill CRS 2021-08-06 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2021-08-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-08-06 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-1] Brian Fitzpatrick R PA K. 1 2021-08-06 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 2021-08-06 Introduced in House 2021-09-21T13:45:30Z This bill requires the Small Business Administration to develop and implement a program to award cash grants of at least $1,000,000 to organizations that support new small businesses. These awards may be used for construction costs, space acquisition, and programmatic purposes, but they may not be used to provide capital or professional services to small businesses directly or through the subaward of funds.

The organization must have the support of new small businesses as a primary purpose and be often classified as an accelerator. The term accelerator means an organization that (1) supports new businesses with a focus on technology, research, and development; (2) frequently provides, but is not exclusively designed to provide, seed investment in exchange for a small amount of equity; (3) works with a startup for a predetermined amount of time; (4) provides mentorship and instruction to scale businesses; or (5) offers startup capital or the opportunity to raise capital from outside investors.

]]> To amend the Small Business Act to establish a growth accelerator fund competition, and for other purposes. Official Title as Introduced To amend the Small Business Act to establish a growth accelerator fund competition, and for other purposes. Introduced in House IH Display Title To amend the Small Business Act to establish a growth accelerator fund competition, and for other purposes. Introduced in House 2021-08-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr4945ih/xml/BILLS-117hr4945ih.xml 2021-08-06 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.