S. 3992 is a bill that aims to stop the Administrator of the Small Business Administration (SBA) from making direct loans through the 7(a) loan program. This program is typically used to support small businesses in obtaining financing. The bill also specifies that the SBA...
The bill wants to stop a big helper, the Small Business Administration, from giving money directly to small businesses in one special way, but it will still take care of the ones they're already helping.
H.R. 6591, also known as the "Encouraging Success Act," aims to update the Small Business Act by requiring the Administrator of the Small Business Administration (SBA) to review and potentially revise the financial criteria used to determine if someone is "economically disadvantaged." This...
The Encouraging Success Act wants to make sure the rules for who gets special help to start and grow their small businesses are fair by checking these rules every few years and asking what people think. They want to do this without needing new money to make it happen.
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