Accelerating Small Business Growth Act

Hozzl · 2023-12-15T16:00:25Z

Explore the details of House Bill 4614 Accelerating Small Business Growth Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

12/15/2023, 4:00 PM

Summary of Bill HR 4614

Bill 118 hr 4614, also known as the Accelerating Small Business Growth Act, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to provide support and resources to small businesses in order to help them grow and succeed.

One key provision of the bill is the establishment of a new grant program that would provide funding to small businesses for the purpose of expanding their operations, hiring new employees, or investing in new technologies. This program aims to stimulate economic growth and create jobs by giving small businesses the financial assistance they need to thrive.

Additionally, the bill includes measures to streamline the process for small businesses to access federal contracts and grants. This would make it easier for small businesses to compete for government contracts and secure funding for their projects. Overall, the Accelerating Small Business Growth Act is designed to support and promote the growth of small businesses in the United States. By providing financial assistance and streamlining access to resources, this bill aims to help small businesses succeed and contribute to the overall economic prosperity of the country.

Congressional Summary of HR 4614

Accelerating Small Business Growth Act

This bill establishes a grant program within the Department of Transportation for states, local governments, tribes, and certain public transit authorities to assist small businesses owned by socially and economically disadvantaged individuals compete for federal contracts for infrastructure projects.

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Current Status of Bill HR 4614

Bill HR 4614 is currently in the status of Bill Introduced since July 13, 2023. Bill HR 4614 was introduced during Congress 118 and was introduced to the House on July 13, 2023. Bill HR 4614's most recent activity was Referred to the Subcommittee on Highways and Transit. as of July 14, 2023

Bipartisan Support of Bill HR 4614

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 4614

Primary Policy Focus

Commerce

Alternate Title(s) of Bill HR 4614

Accelerating Small Business Growth Act

To establish a program so that business concerns owned and controlled by socially and economically disadvantaged individuals may achieve proficiency to compete, on an equal basis, for contracts and subcontracts in Department of Transportation projects, and for other purposes.