H.R.1590 - Rural Innovation and Small Business Support Act (119th Congress)
Summary
H.R. 1590, the "Rural Innovation and Small Business Support Act," aims to enhance outreach by federal agencies with Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs to rural communities. The bill requires these agencies to modify their policy directives to increase the participation of small businesses in rural areas in these programs. This is intended to stimulate innovation and economic activity in underserved rural areas.
Expected Effects
The bill will likely lead to increased awareness and participation of rural small businesses in SBIR and STTR programs. This could result in more federal research and development funding flowing to rural areas. Ultimately, this could foster innovation and create jobs in these communities.
Potential Benefits
- Increased access to federal funding for rural small businesses.
- Stimulation of innovation and technological advancement in rural areas.
- Potential for job creation and economic growth in rural communities.
- Enhanced competitiveness of rural businesses.
- Better alignment of federal resources with the needs of rural areas.
Potential Disadvantages
- Potential for increased administrative burden on federal agencies.
- Risk of inefficient allocation of resources if outreach efforts are not well-targeted.
- Possible displacement of funding from other areas or types of businesses.
- Limited impact if other barriers to rural business success are not addressed.
- The effectiveness of the bill depends on the quality and implementation of the outreach programs.
Constitutional Alignment
The bill appears to align with the Constitution's general welfare clause (Preamble) by promoting economic development in rural areas. Congress has the power to regulate commerce and provide for the general welfare, as outlined in Article I, Section 8. The bill does not appear to infringe on any specific constitutional rights or limitations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).