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<BillSummaries>
<item congress="113" measure-type="s" measure-number="2850" measure-id="id113s2850" originChamber="SENATE" orig-publish-date="2014-09-17" update-date="2014-10-03">
<title>SOAR Act</title>
<summary summary-id="id113s2850v00" currentChamber="SENATE" update-date="2014-10-03">
<action-date>2014-09-17</action-date>
<action-desc>Introduced in Senate</action-desc>
<summary-text><![CDATA[<p>Startup Opportunity Accelerator Act of 2014 or the SOAR Act - Amends the Small Business Act to require the Administrator of the Small Business Administration (SBA) to develop a program to award cash prizes of up to $50,000 to organizations in the United States whose primary purpose is to support new small businesses that have been in operation for five years or less.</p> <p>Authorizes the use of a prize for construction costs, space acquisition, and programmatic purposes. Prohibits its use for capital or professional services to new small businesses.</p> <p>Requires a prize recipient to provide assistance to at least 10 new small businesses per year. </p>]]></summary-text>
</summary>
</item>
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<dc:language>EN</dc:language>
<dc:rights>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.</dc:rights>
<dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
<dc:description>This file contains bill summaries 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.</dc:description>
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</BillSummaries>
