To establish Growth Accelerator Fund Competition within the Small Business Administration, and for other purposes.

Bill: 116-hr-4387
Sponsor: Rep. Espaillat, Adriano [D-NY-13]
Introduced: 2019-09-18 in the House
Policy area: Commerce
Subjects: Bank accounts, deposits, capital
Business education
Minority and disadvantaged businesses
Performance measurement
Small business
Veterans' education, employment, rehabilitation
Women in business

Summary:
action_date: 2019-09-18
text: 
This bill provides statutory authority for the Growth Accelerator Fund Competition program within the Small Business Administration (SBA).
 
Specifically, the bill requires the SBA, prioritizing small business concerns in underserved communities, to award prizes on a competitive basis to U.S. private entities that (1) assist small business concerns in accessing capital, mentors, and networking opportunities; and (2) advise small business concerns on topics such as market analysis, company strategy, revenue growth, and securing funding.
 
The SBA must also develop metrics to evaluate the the program's effectiveness and benefits to the people of the United States that (1) are science-based and statistically driven, (2) reflect the SBA's mission, and (3) include factors relating to the program's economic impact. 

action_date: 2019-10-17
text: 
This bill provides statutory authority for the Growth Accelerator Fund Competition program within the Small Business Administration (SBA).
 
Specifically, the bill requires the SBA, prioritizing small business concerns in underserved communities, to award prizes on a competitive basis to U.S. private entities that (1) assist small business concerns in accessing capital, mentors, and networking opportunities; and (2) advise small business concerns on topics such as market analysis, company strategy, revenue growth, and securing funding.
 
The SBA must also develop metrics to evaluate the the program's effectiveness and benefits to the people of the United States that (1) are science-based and statistically driven, (2) reflect the SBA's mission, and (3) include factors relating to the program's economic impact. 

action_date: 2019-10-21
text: 
This bill provides statutory authority for the Growth Accelerator Fund Competition program within the Small Business Administration (SBA).
 
Specifically, the bill requires the SBA, prioritizing small business concerns in underserved communities, to award prizes on a competitive basis to U.S. private entities that (1) assist small business concerns in accessing capital, mentors, and networking opportunities; and (2) advise small business concerns on topics such as market analysis, company strategy, revenue growth, and securing funding.
 
The SBA must also develop metrics to evaluate the the program's effectiveness and benefits to the people of the United States that (1) are science-based and statistically driven, (2) reflect the SBA's mission, and (3) include factors relating to the program's economic impact. 


Legislative actions:
action_date: 2019-10-22
text: Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
action_date: 2019-10-21
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2019-10-21
text: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8277)
action_date: 2019-10-21
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H8277)
action_date: 2019-10-21
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 4387.
action_date: 2019-10-21
text: Considered under suspension of the rules. (consideration: CR H8277-8278)
action_date: 2019-10-21
text: Ms. Velazquez moved to suspend the rules and pass the bill.
action_date: 2019-10-17
text: Placed on the Union Calendar, Calendar No. 189.
action_date: 2019-10-17
text: Reported by the Committee on Small Business. H. Rept. 116-238.
action_date: 2019-10-17
text: Reported by the Committee on Small Business. H. Rept. 116-238.
action_date: 2019-09-25
text: Ordered to be Reported by Voice Vote.
action_date: 2019-09-25
text: Committee Consideration and Mark-up Session Held.
action_date: 2019-09-18
text: Referred to the House Committee on Small Business.
action_date: 2019-09-18
text: Introduced in House
action_date: 2019-09-18
text: Introduced in House