S. 1608 – Supporting New Entrepreneurs and Workers By Undoing and Streamlining Inhibitors to Nascent Enterprises through Supporting Successful Efficiency Solutions Act

Direct Link: https://www.govinfo.gov/app/details/BILLS-119s1608is

INTRODUCED IN HOUSE OF REPRESENTATIVES

MAY 6, 2025

Ms. C. ORTEZ MASTO (for herself and Mr. M. ORAN) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship
A BILL
To require the Administrator of the Small Business Administration to provide awards to recognize State and local governments that improve the process of forming a new business, and for other purposes.

SECTION 1. SHORT TITLE.

This Act may be cited as the ‘‘Supporting New Entrepreneurs and Workers By Undoing and Streamlining Inhibitors to Nascent Enterprises through Supporting Successful Efficiency Solutions Act’’ or the ‘‘Supporting NEW BUSINESSES Act’’.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

S. 1608

SECTION 2. AWARDS FOR STREAMLINING THE PROCESS OF BUSINESS FORMATION.

(a) IN GENERAL.—The Small Business Act (15 U.S.C. 631 et seq.) is amended—

(1) by redesignating section 49 (15 U.S.C. 6315 note) as section 50;
(2) by inserting after section 48 (15 U.S.C. 657u) the following:
“SEC. 49. AWARDS FOR STREAMLINING THE PROCESS OF BUSINESS FORMATION.”
(a) IN GENERAL.—The Administrator shall, on an annual basis, provide 3 awards to recognize State and local governments that implement innovative and effective policies or tools to streamline processes related to the formation of small business concerns in their communities,
of which—

(1) 1 award shall be provided to a State or local government that represents a community of not less than 400,000 individuals;
(2) 1 award shall be provided to a State or local government that represents a community of not less than 100,000 and less than 400,000 individuals;
(3) 1 award shall be provided to a State or local government that represents a community of less than 100,000 individuals.