HR 2728
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Bill overview
This bill directs the Small Business Administration, the Appalachian Regional Commission, and the Delta Regional Authority to create a formal agreement to support rural entrepreneurship in the Appalachian region and the Delta region. The goal is to expand opportunities for small businesses in these areas through coordinated activities and collaboration. The agencies will report to Congress on their progress and future plans for supporting rural entrepreneurs.
Key provisions
- Requires the Small Business Administration, Appalachian Regional Commission, and Delta Regional Authority to enter into an agreement.
- Focuses on expanding rural entrepreneurship within the Appalachian region and the Delta region.
- Allows for reimbursable agreements between the agencies and other entities.
- Mandates collaboration with other federal agencies.
- Requires a report to Congress on activities and future plans.
Who is affected
- Small businesses
- Rural entrepreneurs
- Appalachian region residents
- Delta region residents
- Small Business Administration
Notable changes
- Establishes a formal framework for collaboration between three federal agencies.
- Specifically targets support for small businesses in designated rural areas.
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119th CONGRESS — 1st Session
H. R. 2728
IN THE HOUSE OF REPRESENTATIVES
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.
This Act may be cited as the Growing Regional Entrepreneurship and Access To Economic Resilience Act GREATER Act
or the
.
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 covered small business concerns.
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.
In carrying out the activities described in subsection (a), the covered officials may—
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
collaborate with other Federal agencies as appropriate to carry out such activities.
Not later than two years after the date of the 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:
Coordination between the covered officials involved in such activities.
Potential opportunities to expand the ability of the Appalachian Regional Commission, Delta Regional Authority, and the Small Business Administration to provide assistance to rural entrepreneurs or covered small business concerns, as applicable.
In this Act: