CREATE Act of 2022

12/30/2022, 4:04 AM

Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2022 or the CREATE Act of 2022

This bill expands financial assistance for, and establishes measures to support, the creative economy and art entrepreneurs.

Specifically, the bill requires (1) the Small Business Administration to develop loan criteria, evaluation procedures, and technical assistance programs for small business concerns that are owned by artists and support the creative economy; and (2) the Department of Commerce to ensure that traditional economic development tools, such as business incubators and grant programs, support the arts industry and creative economy.

Congress
117

Number
S - 3521

Introduced on
2022-01-19

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

1/19/2022

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2022 or the CREATE Act of 2022

This bill expands financial assistance for, and establishes measures to support, the creative economy and art entrepreneurs.

Specifically, the bill requires (1) the Small Business Administration to develop loan criteria, evaluation procedures, and technical assistance programs for small business concerns that are owned by artists and support the creative economy; and (2) the Department of Commerce to ensure that traditional economic development tools, such as business incubators and grant programs, support the arts industry and creative economy.

Alternative Names
Official Title as IntroducedA bill to assist entrepreneurs and support development of the creative economy, and for other purposes.

Policy Areas
Commerce

Comments

Recent Activity

Latest Summary4/28/2022

Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2022 or the CREATE Act of 2022

This bill expands financial assistance for, and establishes measures to support, the creative economy and...


Latest Action1/19/2022
Read twice and referred to the Committee on Small Business and Entrepreneurship.