The Expanding American Entrepreneurship Act, also known as Bill 118 s 3319, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to support and promote entrepreneurship in the United States by providing resources and assistance to aspiring entrepreneurs.
One key provision of the bill is the establishment of a grant program that would provide funding to organizations that support entrepreneurship, such as small business development centers and incubators. These grants would be used to help entrepreneurs access training, mentorship, and other resources to help them start and grow their businesses.
Additionally, the bill aims to increase access to capital for entrepreneurs by expanding the Small Business Administration's loan programs and creating new financing options for small businesses. This would help entrepreneurs secure the funding they need to launch and expand their businesses.
Overall, the Expanding American Entrepreneurship Act is designed to foster a culture of innovation and entrepreneurship in the United States by providing support and resources to aspiring business owners. If passed, this legislation could help create new opportunities for entrepreneurs and drive economic growth in communities across the country.