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ENTRÉE Act
12/31/2022, 5:05 AM
Summary of Bill HR 4568
One key provision of the ENTRÉE Act is the establishment of a centralized online platform where small businesses can easily access information about federal contracting opportunities. This platform would also provide resources and support to help small businesses navigate the complex federal procurement process.
Additionally, the bill aims to increase transparency and accountability in federal contracting by requiring agencies to report on their efforts to award contracts to small businesses. This would help ensure that small businesses have a fair chance to compete for federal contracts. Overall, the ENTRÉE Act seeks to level the playing field for small businesses looking to do business with the federal government. By simplifying the procurement process and increasing transparency, this legislation has the potential to stimulate economic growth and create new job opportunities for small businesses across the country.
Congressional Summary of HR 4568
Entrepreneurs Need Timely Replenishment (for) Eating Establishments Act or the ENTRÉE Act
This bill provides FY2021 supplemental appropriations for the Restaurant Revitalization Fund and modifies requirements related to administration of the fund. The fund was established in response to COVID-19 to make grants to eligible food and beverage purveyors for covering specified costs such as payroll, operational expenses, and paid sick leave.
The bill correspondingly rescinds unobligated amounts previously made available for the Economic Injury Disaster Loan Program and coronavirus state and local fiscal recovery funds.
Further, the bill requires the Small Business Administration (SBA) to (1) review and process grant applications in the order in which they are received; (2) impose requirements on applicants that reduce waste, fraud, and abuse; and (3) submit and report monthly on an oversight and audit plan outlining the SBA's policies, procedures, and activities with respect to these grants.
