CBE Act of 2022

Hozzl · 2022-12-29T23:03:25Z

Explore the details of House Bill 7461 CBE Act of 2022 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Education. Stay informed on legislative developments.

12/29/2022, 11:03 PM

Summary of Bill HR 7461

Bill 117 HR 7461, also known as the CBE Act of 2022, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to establish a program within the Small Business Administration (SBA) to provide grants to community-based organizations (CBOs) that support small businesses in underserved communities.

The CBE Act of 2022 aims to address the disparities in access to resources and support for small businesses in low-income and minority communities. By providing grants to CBOs that work directly with these businesses, the bill seeks to help them grow and thrive in a more equitable economic environment.

The program established by the CBE Act of 2022 would prioritize funding for CBOs that have a proven track record of supporting small businesses in underserved communities. These organizations would be required to use the grant funds to provide technical assistance, training, and other resources to help small businesses succeed. Overall, the CBE Act of 2022 is designed to promote economic development and job creation in communities that have historically been marginalized and underserved. By empowering CBOs to support small businesses in these areas, the bill aims to level the playing field and create opportunities for economic growth and prosperity for all Americans.

Congressional Summary of HR 7461

Competency-Based Education Act of 2022 or the CBE Act of 2022

This bill creates a framework under which students participating in competency-based education programs may receive federal student aid. Competency-based education refers to education that measures academic progress and attainment (1) by direct assessment of the student's mastery of competencies, (2) by expressing the student's mastery of competencies in terms of equivalent credit or clock hours, or (3) through a combination of both methods in addition to credit or clock hours.

The bill also prohibits the Department of Education from enforcing certain regulations related to the definition of credit hour.

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Current Status of Bill HR 7461

Bill HR 7461 is currently in the status of Bill Introduced since April 7, 2022. Bill HR 7461 was introduced during Congress 117 and was introduced to the House on April 7, 2022. Bill HR 7461's most recent activity was Referred to the House Committee on Education and Labor. as of April 7, 2022