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SECURE Small Business Act
12/15/2023, 4:07 PM
Summary of Bill S 1458
One key aspect of the SECURE Small Business Act is the establishment of a grant program that would provide funding to small businesses for various purposes, such as expanding their operations, investing in new technology, or hiring additional employees. This grant program aims to help small businesses overcome financial barriers and achieve long-term success.
Additionally, the bill includes provisions to streamline the process for small businesses to access government contracts and procurement opportunities. By reducing red tape and bureaucratic hurdles, small businesses will have greater access to these valuable opportunities, which can help them grow and expand their operations. Furthermore, the SECURE Small Business Act includes measures to enhance cybersecurity protections for small businesses. In today's digital age, small businesses are increasingly vulnerable to cyber attacks and data breaches. This bill aims to provide small businesses with the resources and support they need to protect their sensitive information and prevent cyber threats. Overall, the SECURE Small Business Act is a comprehensive piece of legislation that seeks to empower small businesses and help them succeed in today's competitive market. By providing funding, streamlining access to government contracts, and enhancing cybersecurity protections, this bill aims to create a more supportive environment for small businesses to thrive and grow.
Congressional Summary of S 1458
Strengthening and Enhancing Cybersecurity Usage to Reach Every Small Business Act or the SECURE Small Business Act
This bill requires the Small Business Administration (SBA) to help small businesses purchase cybersecurity products and services.
Specifically, the SBA must establish a website that provides a marketplace for facilitating agreements under which small businesses may cooperatively purchase cybersecurity products and services. Such website shall be free to use for small businesses and cybersecurity vendors. The SBA must also take steps to educate small businesses about the types of cybersecurity products and services that are specific to each industry sector and provide outreach to encourage use of the cooperative marketplace.
The Government Accountability Office must study and report on potential improvements to existing federal initiatives that train small businesses on how to avoid cybersecurity threats.
