US Congress Senate Bill 2850 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on September 17 2014 - 25% progression, died in committee
Action: 2014-09-17 - Read twice and referred to the Committee on Small Business and Entrepreneurship.
Pending: Senate Small Business And Entrepreneurship Committee
Text: Latest bill text (Introduced) [PDF]

Startup Opportunity Accelerator Act of 2014 or the SOAR Act - Amends the Small Business Act to require the Administrator of the Small Business Administration (SBA) to develop a program to award cash prizes of up to $50,000 to organizations in the United States whose primary purpose is to support new small businesses that have been in operation for five years or less. Authorizes the use of a prize for construction costs, space acquisition, and programmatic purposes. Prohibits its use for capital or professional services to new small businesses. Requires a prize recipient to provide assistance to at least 10 new small businesses per year.

SOAR Act

Sen. Cory Booker [D-NJ]

Date	Chamber	Action
2014-09-17	Senate	Read twice and referred to the Committee on Small Business and Entrepreneurship.
2014-09-17	Senate	Sponsor introductory remarks on measure. (CR S5700-5701)

HB4059 (Related) 2014-02-14 - Referred to the House Committee on Small Business.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/2850/all-info
Text	https://www.congress.gov/113/bills/s2850/BILLS-113s2850is.pdf