I 
117TH CONGRESS 
2D SESSION 
H. R. 7552 
To establish within the Office of Entrepreneurial Development of the Small 
Business Administration a training curriculum relating to businesses 
owned by older individuals, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 21, 2022 
Mrs. KIM of California (for herself, Mr. CROW, Ms. STEFANIK, and Mr. PHIL-
LIPS) introduced the following bill; which was referred to the Committee 
on Small Business 
A BILL 
To establish within the Office of Entrepreneurial Develop-
ment of the Small Business Administration a training 
curriculum relating to businesses owned by older individ-
uals, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Golden-preneurship 
Act’’. 
SEC. 2. DEFINITIONS. 
In this Act— 
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(1) the term ‘‘Administrator’’ means the Ad-
ministrator of the Small Business Administration; 
(2) the term ‘‘appropriate committees of Con-
gress’’ means— 
(A) the Committee on Small Business and 
Entrepreneurship of the Senate; 
(B) the Special Committee on Aging of the 
Senate; and 
(C) the Committee on Small Business of 
the House of Representatives; 
(3) the term ‘‘eligible entity’’ means an oper-
ating business that is owned by an older individual; 
(4) the terms ‘‘Federal agency’’, ‘‘Small Busi-
ness Innovation Research Program’’, and ‘‘Small 
Business Technology Transfer Program’’ have the 
meanings given the terms in section 9(e) of the 
Small Business Act (15 U.S.C. 638(e)); 
(5) the term ‘‘older individual’’ has the meaning 
given the term in section 102 of the Older Ameri-
cans Act of 1965 (42 U.S.C. 3002); 
(6) the term ‘‘operating business’’ means a 
small business concern that, as of the date on which 
the small business concern seeks to enroll in the 
Program— 
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(A) has been in operation for not less than 
3 years; and 
(B) for the most recently completed tax-
able year, had revenue of not less than 
$150,000; 
(7) the term ‘‘Program’’ means the Golden En-
trepreneurs Training and Demonstration Curriculum 
established under section 4; 
(8) the term ‘‘resource partner’’ means— 
(A) a small business development center 
described in section 21 of the Small Business 
Act (15 U.S.C. 648); 
(B) the Service Corps of Retired Execu-
tives described in section 8(b)(1)(B) of the 
Small Business Act (15 U.S.C. 637(b)(1)(B)); 
(C) a women’s business center described in 
section 29 of the Small Business Act (15 
U.S.C. 656); or 
(D) a Veteran Business Outreach Center; 
(9) the term ‘‘selected entity’’ means an entity 
selected by the Administrator to carry out the Pro-
gram, as described in section 4(a)(3); and 
(10) the term ‘‘small business concern’’ has the 
meaning given the term in section 3(a) of the Small 
Business Act (15 U.S.C. 632(a)). 
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SEC. 3. FINDINGS. 
Congress finds the following: 
(1) In 2018— 
(A) 1⁄2 of all new successful entrepreneurs 
in the United States were older than 45 years 
of age; and 
(B) 3 out of 10 entrepreneurs in the 
United States were older than 50 years of age, 
a 50 percent increase since 2007. 
(2) As of the date of enactment of this Act, en-
trepreneurs who are older than 55 years of age rep-
resent 55 percent of all small business employers in 
the United States. 
(3) Businesses started by older entrepreneurs— 
(A) represent some of the highest growth 
businesses in the United States; and 
(B) rank among the top 0.1 percent of 
startups, based on growth in the first 5 years 
of business. 
SEC. 4. GOLDEN ENTREPRENEURS CURRICULUM. 
(a) ESTABLISHMENT.—There is established within 
the Office of Entrepreneurial Development of the Small 
Business Administration the Golden Entrepreneurs Train-
ing and Demonstration Curriculum— 
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