Small Business Administration Rural Performance Report Act

Hozzl · 2024-03-18T22:20:24Z

Explore the details of House Bill 5265 Small Business Administration Rural Performance Report Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

3/18/2024, 10:20 PM

Congressional Summary of HR 5265

Small Business Administration Rural Performance Report Act

This bill requires the Small Business Administration (SBA) to report on its efforts to promote businesses and agricultural economies in rural areas.

Specifically, the SBA must report about the activities of the Office of Rural Affairs, including how the office is promoting the availability of financial assistance for small businesses located in rural areas.

The SBA also must report on its collaboration with the Department of Agriculture pursuant to the memorandum of understanding the agencies entered into on April 4, 2018, including the extent to which the SBA remains involved with the working groups convened under the memorandum.

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Current Status of Bill HR 5265

Bill HR 5265 is currently in the status of Bill Introduced since August 25, 2023. Bill HR 5265 was introduced during Congress 118 and was introduced to the House on August 25, 2023. Bill HR 5265's most recent activity was Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. as of February 29, 2024

Bipartisan Support of Bill HR 5265

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5265

Primary Policy Focus

Commerce

Potential Impact Areas

- Congressional oversight

- Economic development

- Economic performance and conditions

- Government studies and investigations

- Rural conditions and development

Alternate Title(s) of Bill HR 5265

Small Business Administration Rural Performance Report Act

To amend the Small Business Act to require a report on the performance of the Office of Rural Affairs, to require a report on the memorandum of understanding between the Small Business Administration and the Department of Agriculture entered into on April 4, 2018, and for other purposes.

Small Business Administration Rural Performance Report Act