RISE Act

Bill: 118-hr-9166
Sponsor: full_name: Rep. Molinaro, Marcus J. [R-NY-19]
Introduced: 2024-07-25
Policy area: Commerce
Latest action: action_date: 2024-07-26
text: Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 9166 IN THE HOUSE OF REPRESENTATIVES July 25, 2024 Mr. Molinaro (for himself and Mr. Thompson of Mississippi ) introduced the following bill; which was referred to the Committee on Transportation and Infrastructure , and in addition to the Committees on Small Business , and Financial Services , for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To require the Small Business Administration, the Appalachian Regional Commission, and the Delta Regional Authority to enter into an agreement to carry out activities to expand rural entrepreneurship, and for other purposes.

1. Short title This Act may be cited as the Rural Innovation and Small Business Expansion Act or the RISE Act . 2. Memorandum of understanding to expand rural entrepreneurship and small business within Appalachia and Delta area (a) In general Not later than 120 days after the date of the enactment of this Act, the Administrator of the Small Business Administration, the appropriate head of the Appalachian Regional Commission, and the appropriate head of the Delta Regional Authority (in this section referred to as the covered officials ) shall enter into a memorandum of understanding or other appropriate agreement to carry out activities within the Appalachian region and the Delta region, as applicable, to expand rural entrepreneurship and to support small business concerns. (b) Memorandum of understanding or agreement The covered officials shall carry out and coordinate the activities described in subsection (a) by entering into one or more memoranda of understanding or other appropriate agreements, as jointly determined by the covered officials. (c) Inclusion of small business concerns In carrying out the activities described in subsection (a), the covered officials shall ensure the inclusion of small business concerns in such activities, as appropriate. (d) Other Requirements In carrying out the activities described in subsection (a), the covered officials may— (1) carry out reimbursable agreements between the Appalachian Regional Commission, Delta Regional Authority, the Small Business Administration, and other appropriate entities in order to maximize the effectiveness of activities carried out pursuant to a memorandum or agreement described in subsection (b); and (2) collaborate with other Federal agencies as appropriate to carry out such activities. (e) Report Not later than two years after the date of enactment of this Act, the covered officials shall jointly submit to Congress a report on activities carried out pursuant to a memorandum or agreement described in subsection (b) that includes the following: (1) Coordination between the covered officials involved in such activities. (2) Potential opportunities to expand the capacity of the Appalachian Regional Commission, Delta Regional Authority, and the Small Business Administration to provide assistance to rural entrepreneurs or small business concerns located within the Appalachian region or Delta region, as applicable. (3) Number of rural entrepreneurs or small business concerns assisted through activities carried out pursuant to such memorandum or agreement. (4) Areas of future collaboration among the covered officials for the benefit of rural entrepreneurs or small business concerns located within the Appalachian region or Delta region, as applicable. (5) Plans of the covered officials to continue coordination on activities described in subsection (a). (f) Definitions In this Act: (1) Appalachian Regional Commission The term Appalachian Regional Commission means the commission established by section 14301(a) of title 40, United States Code. (2) Delta region The term Delta region has the meaning given the term region in section 382A of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 2009aa ). (3) Delta Regional Authority The term Delta Regional Authority means the entity established under subtitle F of the Consolidated Farm and Rural Development Act ( 7 U.S.C. 2009aa et seq. ). (4) Small business concern The term small business concern has the meaning given under section 3 of the Small Business Act ( 15 U.S.C. 632 ).