Bill · S. 1608· Senate(119-S-1608)
Supporting NEW BUSINESSES Act
- Introduced
- 5/6/2025
- Last activity
- 5/6/2025 — Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Sponsored by
- Catherine Cortez Masto
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The "Supporting NEW BUSINESSES Act" requires the Administrator of the Small Business Administration to give out three awards every year. These awards recognize State and local governments that use innovative and effective tools or policies to make starting a small business easier. Awards are split among different community sizes: those with 400,000 or more people, those between 100,000 and 400,000, and those with fewer than 100,000 people.
Yes· 3 of 30
Does this make it easier to run a small business?+7
The bill specifically incentivizes governments to make it easier and more efficient for small businesses to form.
Would business owners be better off under this?+6
Directly benefits prospective business owners by streamlining the formation process.
Would people in their twenties and thirties be better off under this?+4
Young adults are a primary demographic for starting new entrepreneurial ventures.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Easier business startup process: The bill encourages governments to reduce redundant paperwork and forms, making it simpler for people to start a small business (SEC. 49(c)(1)).
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Better access to resources: The act promotes the creation of user-friendly online portals to consolidate resources for people wanting to form a small business (SEC. 49(c)(2)).
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Less government confusion: The bill looks for governments that reduce inconsistent requirements between overlapping jurisdictions (SEC. 49(c)(3)).
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Inclusive recognition: By requiring awards for different community sizes, the bill ensures that both large and small local governments are recognized for improving efficiency (SEC. 49(a)(1)-(3)).
Potential Negative Impacts for People
- No negative impacts for individuals or groups are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Business Owners+6Good For Rural Residents+4Good For Students+4Good For Urban Residents+4Good For Young Adults+4Good For African Americans+3Good For Asian Americans+3Good For Hispanic Americans+3Good For Immigrants+3Good For L G B T Q Community+3Good For Low Income Households+3Good For Men+3Good For Middle Aged+3Good For Middle Class Households+3Good For Native Americans+3Good For People With Disabilities+3Good For Veterans+3Good For White Americans+3Good For Women+3Good For Billionaires+2Good For Farmers+2Good For High Income Households+2Good For High Net Worth Individuals+2Good For Retirees+2Good For Ultra High Net Worth Individuals+2
- Economy And Finance
- Improves Small Business Support+7Improves Economic Growth+3Increases Job Creation+3
- Governance And Ideology
- Improves Government Transparency+3
- Environment Energy And Infrastructure
- Improves Rural Development+2
- 5/6/2025
- Read twice and referred to the Committee on Small Business and Entrepreneurship.
- 1 Cosponsor added.
- Introduced in Senate
Jerry MoranRepublican · Kansas