H.R.2728 - Growing Regional Entrepreneurship and Access To Economic Resilience Act; GREATER Act (119th Congress)
Summary
H.R.2728, the GREATER Act, aims to bolster rural entrepreneurship within the Appalachian and Delta regions by mandating collaboration between the Small Business Administration (SBA), the Appalachian Regional Commission, and the Delta Regional Authority. The bill requires these entities to establish a memorandum of understanding to coordinate activities supporting small businesses in these regions. This includes ensuring the inclusion of covered small business concerns in these activities and allowing for reimbursable agreements and collaboration with other federal agencies.
Expected Effects
The Act is likely to increase access to resources and support for small businesses in the targeted regions. It also mandates a report to Congress on the activities carried out, ensuring accountability and providing insights for future improvements. This could lead to increased economic activity and job creation in these historically underserved areas.
Potential Benefits
- Increased access to resources for rural entrepreneurs.
- Enhanced coordination between federal agencies.
- Potential for job creation and economic growth in the Appalachian and Delta regions.
- Improved support for small businesses.
- Increased accountability through mandated reporting to Congress.
Potential Disadvantages
- Potential for bureaucratic inefficiencies in coordinating between multiple agencies.
- Limited scope, focusing only on the Appalachian and Delta regions, potentially neglecting other rural areas.
- The effectiveness of the Act depends on the willingness of the agencies to collaborate effectively.
- Possible overlap or duplication of existing programs.
- The report to Congress may not lead to meaningful changes or improvements.
Constitutional Alignment
The bill appears to align with the spirit of the Constitution's call to "promote the general Welfare" (Preamble) by aiming to improve economic conditions in specific regions. 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 upon 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).