summary
Introduced
10/17/2017
10/17/2017
In Committee
10/17/2017
10/17/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
SOAR Act Startup Opportunity Accelerator Act of 2017
AI Summary
This bill, the Startup Opportunity Accelerator Act of 2017 or the SOAR Act, would amend the Small Business Act to create a program to provide funding for organizations that support startup businesses in their formation and early growth stages. The program would award cash prizes or grants of up to $50,000 to eligible entities, such as accelerators, that provide startups with resources and services like office space, access to capital and professional services, and mentorship. The bill aims to support the growth of new small businesses, particularly those owned by underrepresented groups, and authorizes $6 million per year for the first 5 fiscal years to fund the program.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Read twice and referred to the Committee on Small Business and Entrepreneurship. (on 10/17/2017)
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/115th-congress/senate-bill/1969/all-info |
| BillText | https://www.congress.gov/115/bills/s1969/BILLS-115s1969is.pdf |
| Bill | https://www.congress.gov/115/bills/s1969/BILLS-115s1969is.pdf.pdf |
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