119-s1608

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1608 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 1608

 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.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 May 6, 2025

 Ms. Cortez Masto (for herself and Mr. Moran) 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.

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

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''.

SEC. 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. 631 note) as 
 

section 50; and

    (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; and
 ``

    (3) 1 award shall be provided to a State or local 
 government that represents a community of less than 100,000 
 individuals.
 ``

    (b) Application.--A State or local government seeking an award 
under subsection

    (a) shall submit to the Administrator an application 
at such time, containing such information, and in such manner as the 
Administrator may require.
 ``
            (c) Considerations.--In providing an award under subsection

    (a) , 
the Administrator shall consider whether a State or local government 
streamlined the process described in subsection

    (a) by--
 ``

    (1) streamlining or reducing redundancies in paperwork, 
 forms, or other written or online documents required to form a 
 small business concern;
 ``

    (2) consolidating resources available to individuals 
 looking to form a small business concern, such as through the 
 creation of user-friendly online portals;
 ``

    (3) reducing duplication or inconsistencies in 
 requirements between overlapping jurisdictions; or
 ``

    (4) innovatively making necessary procedures more 
 streamlined or efficient.''.
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