Bill 118 s 5501, also known as the "Small Business Administration Headquarters Relocation Act," is a proposed piece of legislation that aims to require the Administrator of the Small Business Administration (SBA) to relocate 30 percent of the employees currently assigned to headquarters to duty stations outside of the Washington metropolitan area. The bill also includes provisions for other purposes related to the relocation of SBA employees.
The main goal of this bill is to decentralize the operations of the SBA by moving a significant portion of its headquarters staff to locations outside of Washington, D.C. This is intended to help distribute economic opportunities more evenly across the country and reduce the concentration of federal government employees in the nation's capital.
If passed, the bill would mandate that the Administrator of the SBA develop a plan for the relocation of employees and submit it to Congress within a specified timeframe. The bill also includes provisions for ensuring that the relocation process is carried out efficiently and effectively, with considerations for the impact on employees and the overall operations of the SBA.
Overall, the Small Business Administration Headquarters Relocation Act seeks to promote greater geographic diversity within the SBA workforce and support economic development in regions outside of the Washington metropolitan area. The bill is currently under consideration in Congress and may undergo further revisions before potentially becoming law.