Assurance for Small Business Act of 2024

Hozzl · 2024-12-16T20:44:21Z

Explore the details of House Bill 9031 Assurance for Small Business Act of 2024 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Government Operations and Politics. Stay informed on legislative developments.

12/16/2024, 8:44 PM

Summary of Bill HR 9031

Bill 118 hr 9031, also known as the Assurance for Small Business Act of 2024, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to provide support and assurance to small businesses in the United States.

The bill includes several key provisions aimed at helping small businesses thrive and succeed. One of the main components of the Assurance for Small Business Act is the establishment of a fund that will provide financial assistance to small businesses in need. This fund will be used to help small businesses cover operating expenses, invest in growth opportunities, and weather economic downturns.

Additionally, the bill includes measures to streamline regulations and reduce red tape for small businesses. This will make it easier for small businesses to navigate the regulatory landscape and focus on growing their businesses. Another important aspect of the Assurance for Small Business Act is the creation of a mentorship program for small business owners. This program will pair experienced business owners with new entrepreneurs to provide guidance, support, and advice. Overall, the Assurance for Small Business Act of 2024 aims to provide much-needed support and assurance to small businesses in the United States. By providing financial assistance, reducing regulatory burdens, and offering mentorship opportunities, this bill seeks to help small businesses thrive and contribute to the overall economic growth of the country.

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Current Status of Bill HR 9031

Bill HR 9031 is currently in the status of Bill Introduced since July 15, 2024. Bill HR 9031 was introduced during Congress 118 and was introduced to the House on July 15, 2024. Bill HR 9031's most recent activity was Reported by the Committee on Small Business. H. Rept. 118-853, Part I. as of December 10, 2024

Bipartisan Support of Bill HR 9031

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Policy Area and Potential Impact of Bill HR 9031

Primary Policy Focus

Government Operations and Politics

Alternate Title(s) of Bill HR 9031

Assurance for Small Business Act of 2024Assurance for Small Business Act of 2024To require Federal agency heads to submit a report on the implementation of the Regulatory Flexibility Act, and for other purposes.

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