A bill to establish a grant program under the Small Business Administration, and for other purposes.

Hozzl · 2025-01-14T17:16:56Z

Explore the details of Senate Bill 5634 A bill to establish a grant program under the Small Business Administration, and for other purposes. currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

1/14/2025, 5:16 PM

Summary of Bill S 5634

Bill 118 s 5634, also known as the "Small Business Grant Program Act," is a piece of legislation introduced in the US Congress. The main purpose of this bill is to create a grant program through the Small Business Administration (SBA) to provide financial assistance to small businesses.

The grant program established by this bill aims to support small businesses that have been negatively impacted by economic challenges, such as the COVID-19 pandemic. The grants provided under this program can be used for various purposes, including covering operating expenses, purchasing equipment, and hiring employees.

In addition to providing financial assistance to small businesses, the bill also includes provisions to ensure that the grant program is administered efficiently and effectively. This includes requirements for transparency in the application process, accountability in the use of grant funds, and reporting on the impact of the program. Overall, Bill 118 s 5634 seeks to help small businesses recover from economic hardships and thrive in the future. It is designed to support the growth and success of small businesses, which play a crucial role in the US economy.

Current Status of Bill S 5634

Bill S 5634 is currently in the status of Bill Introduced since December 19, 2024. Bill S 5634 was introduced during Congress 118 and was introduced to the Senate on December 19, 2024. Bill S 5634's most recent activity was Read twice and referred to the Committee on Small Business and Entrepreneurship. as of December 19, 2024

Bipartisan Support of Bill S 5634

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 5634

Primary Policy Focus

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Comments

Sponsors and Cosponsors of S 5634

Edward J. Markey

Massachusetts(Democrat)

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