University Centers for Growth, Development, and Prosperity Act of 2023

Hozzl · 2024-01-22T17:30:28Z

Explore the details of Senate Bill 3169 University Centers for Growth, Development, and Prosperity Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

1/22/2024, 5:30 PM

Summary of Bill S 3169

Bill 118 s 3169, also known as the University Centers for Growth, Development, and Prosperity Act of 2023, aims to establish a program within the Department of Education to support the creation and expansion of university centers focused on economic growth and development. These centers would work to foster innovation, entrepreneurship, and job creation in their respective regions.

The bill outlines the eligibility criteria for universities to apply for funding to establish these centers, including a demonstrated commitment to economic development, collaboration with local businesses and industries, and a plan for sustainability beyond federal funding. The program would prioritize funding for centers located in economically distressed areas and those serving underrepresented populations.

Additionally, the bill includes provisions for accountability and reporting requirements to ensure that the centers are meeting their goals and effectively utilizing federal funds. It also encourages collaboration between the centers and other federal agencies, as well as state and local governments, to maximize their impact. Overall, the University Centers for Growth, Development, and Prosperity Act of 2023 seeks to leverage the resources and expertise of universities to drive economic growth and prosperity in communities across the country.

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Current Status of Bill S 3169

Bill S 3169 is currently in the status of Bill Introduced since October 31, 2023. Bill S 3169 was introduced during Congress 118 and was introduced to the Senate on October 31, 2023. Bill S 3169's most recent activity was Read twice and referred to the Committee on Environment and Public Works. (Sponsor introductory remarks on measure: CR S5258-5259) as of October 31, 2023

Bipartisan Support of Bill S 3169

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 S 3169

Primary Policy Focus

Commerce

Alternate Title(s) of Bill S 3169

University Centers for Growth, Development, and Prosperity Act of 2023University Centers for Growth, Development, and Prosperity Act of 2023A bill to amend the Public Works and Economic Development Act of 1965 to establish university centers to encourage certain economic development, and for other purposes.

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Sponsors and Cosponsors of S 3169

Alex Padilla

California(Democrat)

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