Bill > HR2728

This bill establishes a collaborative framework for expanding rural entrepreneurship in the Appalachian and Delta regions by requiring the Small Business Administration (SBA), the Appalachian Regional Commission (ARC), and the Delta Regional Authority (DRA) to develop a joint strategy within 120 days of enactment. The agencies must create a memorandum of understanding to coordinate activities that support small businesses in these rural areas, which can include reimbursable agreements and collaboration with other federal agencies. The bill mandates that these agencies ensure the inclusion of small businesses located in the Appalachian and Delta regions in their entrepreneurship expansion efforts. Within two years of enactment, the agencies must submit a comprehensive report to Congress detailing their coordination, potential opportunities for assistance, the number of entrepreneurs and businesses helped, future collaboration plans, and areas for continued joint work. The bill defines key terms such as "covered small business concern" as a small business located in the Appalachian or Delta regions, and provides specific definitions for the Appalachian Regional Commission and Delta Regional Authority. The ultimate goal is to enhance economic resilience and entrepreneurial support in these traditionally underserved rural regions.

Business and Industry, Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/house-bill/2728/all-info