Prospering Small Buisnesses Act

WRITTEN BY KEVIN SMITH (LC-NJ)
----100th Congress of the United States
COSPONSORS
Hulk Hogan (CDU-OK)
IN BRIEF
Help grow Small Businesses In the United States
== Section 1. Name of Bill ==
This Bill will be known as “The Prospering Small Businesses Act” for the duration of this bill, in all debates, and following enactment by the executive branch will carry the same title.
== Section 2. Findings and Definitions ==
Use this section to present findings that back up the reasons for the creation of your bill.
FINDINGS
# Whereas, Small Businesses are the backbone of America
# Whereas, Small Businesses are in danger
# Whereas, We must help Businesses grow
DEFINITIONS
Small Business - An independently owned and operated enterprise with a maximum of 100 employees and an annual revenue not exceeding $5 million.
== Section 3. Bill Action ==
Please use multiple sections to do this if your bill affects multiple areas of public policy.
# Allocate $350 million to establish a federally-funded loan program that offers low-interest loans to small businesses.
# Allocate $100 million to expand the Small Business Development Centers (SBDCs) network.
# Establish a task force composed of regulatory experts, business owners, and government officials to review existing regulations impacting small businesses. 
i) The task force will identify unnecessary burdens and recommend streamlining measures to reduce compliance costs while ensuring public safety and consumer protection.
# Direct regulatory agencies to identify and eliminate duplicative or excessive paperwork requirements imposed on small businesses.
# allocate $50 million to enhance the support provided by the U.S. Department of Commerce and the Small Business Administration in assisting small businesses with export-related activities such as market research, trade missions, and export financing.
== Section 5. Funding ==
TOTAL BILL IMPLEMENTATION COST - $500,000,000
Category:Bills
Category:Law