21st Century Entrepreneurship Act

Hozzl · 2022-12-30T00:04:06Z

Explore the details of House Bill 7687 21st Century Entrepreneurship Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

12/30/2022, 12:04 AM

Summary of Bill HR 7687

The 21st Century Entrepreneurship Act, also known as Bill 117 hr 7687, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to support and promote entrepreneurship in the United States by providing resources and assistance to small businesses and startups.

One key aspect of the 21st Century Entrepreneurship Act is the establishment of a grant program to provide funding to small businesses and entrepreneurs. This program aims to help these businesses grow and succeed by providing them with the financial support they need to develop their products and services, hire employees, and expand their operations.

Additionally, the bill includes provisions for increasing access to capital for small businesses, streamlining regulations that may hinder entrepreneurship, and promoting innovation and technology in the business sector. It also seeks to encourage collaboration between small businesses, universities, and research institutions to foster innovation and economic growth. Overall, the 21st Century Entrepreneurship Act is designed to create a more supportive environment for small businesses and startups in the United States, with the goal of stimulating economic growth and job creation. It is currently being debated in Congress, and its ultimate fate will depend on the outcome of these discussions.

Congressional Summary of HR 7687

21st Century Entrepreneurship Act

This bill requires the Small Business Administration (SBA) to develop a curriculum for volunteers with the Service Corps of Retired Executives (SCORE) to teach underrepresented students (e.g., minority students, English learners, and children with disabilities) about entrepreneurship.

The SBA shall develop and implement a strategy to encourage partnerships between the SCORE program and community learning centers to teach this curriculum and, in developing the curriculum, collaborate with education specialists and groups with experience serving underrepresented children.

The SBA must submit a biennial report on partnerships between the SCORE program and community learning centers, the use of funds by the program, the number of students reached through the entrepreneurship curriculum, and plans for improving the curriculum.

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Current Status of Bill HR 7687

Bill HR 7687 is currently in the status of Bill Introduced since May 6, 2022. Bill HR 7687 was introduced during Congress 117 and was introduced to the House on May 6, 2022. Bill HR 7687's most recent activity was Referred to the Committee on Small Business, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of May 6, 2022

Bipartisan Support of Bill HR 7687

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

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Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 7687

Primary Policy Focus

Commerce

Alternate Title(s) of Bill HR 7687

21st Century Entrepreneurship Act

To require the Administrator of the Small Business Administration to encourage entrepreneurship training in after school programs, and for other purposes.