summary
Introduced
07/24/2020
07/24/2020
In Committee
07/24/2020
07/24/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To establish an Office of Emerging Markets within the Small Business Administration that will strengthen the development of small business concerns in emerging markets, such as those owned by women; socially and economically disadvantaged individuals, including Black Americans, Hispanic Americans, Native Americans (Alaska Natives, Native Hawaiians, or enrolled members of a federally or State recognized Indian Tribe), Asian Pacific Americans, and other minorities; veterans; and those located in rural areas, and for other purposes. This bill establishes the Office of Emerging Markets within the Small Business Administration to oversee the planning, coordination, implementation, evaluation, and improvement of efforts to enhance the economic well-being of small business concerns in emerging markets.
AI Summary
This bill establishes an Office of Emerging Markets within the Small Business Administration (SBA) to oversee efforts to enhance the economic well-being of small business concerns in emerging markets. The bill defines an "emerging market" as businesses located in low-income or moderate-income areas, HUBZones, empowerment zones, Promise Zones, qualified opportunity zones, or rural areas, as well as those owned by women, socially and economically disadvantaged individuals, veterans, and service-disabled veterans. The Director of the Office of Emerging Markets will be responsible for creating and implementing strategies and programs, developing policies related to the SBA's microloan and other access to capital programs, establishing partnerships, and reviewing the effectiveness of these programs for small businesses in emerging markets.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Referred to the House Committee on Small Business. (on 07/24/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/7773/all-info |
| BillText | https://www.congress.gov/116/bills/hr7773/BILLS-116hr7773ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr7773/BILLS-116hr7773ih.pdf.pdf |
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