S.1093 - Coordinated Support for Rural Small Businesses Act (119th Congress)
Summary
S.1093, the Coordinated Support for Rural Small Businesses Act, aims to enhance the Small Business Administration's (SBA) Office of Rural Affairs. The bill seeks to improve support for rural small businesses by strengthening the Office's administration, duties, and outreach efforts. It also emphasizes interagency cooperation, particularly with the Department of Agriculture, to address capital access, investment, and other challenges faced by rural businesses.
Expected Effects
The bill would likely result in increased resources and attention directed toward rural small businesses. This includes improved coordination between federal agencies and enhanced outreach programs. Ultimately, the goal is to foster economic development and create jobs in rural areas.
Potential Benefits
- Enhanced support for rural small businesses through a strengthened Office of Rural Affairs.
- Improved coordination between the SBA and the Department of Agriculture, leading to more efficient service delivery.
- Increased outreach events and technical assistance for rural businesses.
- Better access to capital and investment opportunities in rural areas.
- Potential for job creation and economic growth in rural communities.
Potential Disadvantages
- Potential for increased bureaucracy and administrative costs associated with the enhanced Office of Rural Affairs.
- Risk of overlap or duplication of efforts between the SBA and the Department of Agriculture.
- Possible challenges in effectively targeting and reaching all rural small businesses in need of assistance.
- The effectiveness of the bill will depend on the actual implementation and funding allocated to the Office of Rural Affairs.
- No guarantee that the interagency cooperation will lead to tangible benefits for rural small businesses.
Constitutional Alignment
The bill appears to align with the spirit of promoting the general welfare, as stated in the Preamble of the US Constitution. Congress has the power to regulate commerce and provide for the common defense and general welfare. The bill's focus on supporting small businesses, particularly in rural areas, falls within the scope of congressional authority.
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).