# 119-hr-8063: SPARK Act

119-hr-8063, SPARK Act, is a 119th Congress bill sponsored by Rep. Pressley, Ayanna [D-MA-7] (D-MA); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-8063
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8063
- Congress: 119
- Title: SPARK Act
- Status: introduced
- Introduced: 2026-03-24
- Sponsor: Rep. Pressley, Ayanna [D-MA-7] (D-MA)
- Cosponsors: 1
- Policy area: Commerce
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**Expand incubator, accelerator, and targeted financing access for underserved small businesses.** This bill would create an SBA-run SPARK Program and a Spark Financing Program to bring free local support, mentorship, and tailored funding to startups and growing firms in distressed and underserved areas. - Entrepreneurs in rural and underserved communities, including minority- and women-owned firms, veterans, and people with disabilities, would gain more local incubator and accelerator support aimed at startups, newly established, and growing small businesses, cooperatives, and community land trusts. - Local accelerators, incubators, community colleges, community development financial institutions, minority depository institutions, nonprofits, and similar organizations could run 5-year cooperative projects with the SBA. Projects must provide one-to-one counseling, a formal mentorship program, targeted outreach, be accessible, charge no participant fees, and have full-time leadership. - A Spark Financing Program would let covered entities with SBA cooperative agreements receive up to $1.0 million per year and entities without agreements up to $500,000 per year. Funds may be used for grants and favorable loans; the SBA would require verification, annual exams, reporting, and could suspend or end funding for poor documentation or results.

## Cosponsors (1)

- Rep. Simon, Lateefah [D-CA-12] (D-CA), 2026-05-07T00:00:00.000Z

## Provisions PRIA read

- New small business grants and loans: mixed, high. This bill would require the SBA to create a SPARK Financing Program within one year. The SBA would give financial assistance to covered entities, which would make grants and loans to covered small businesses. Covered small businesses would be owned by underserved people or located in designated dis…
- Free local business incubator support: mixed, medium. This bill would create a SPARK cooperative program for local incubators and accelerators. The SBA would make five-year cooperative agreements that can be renewed for three years. Eligible organizations would include nonprofits, CDFIs, minority banks, certain lenders, certified development companies…

## Related bills

- 119-hr-9877: Health Equity and Accountability Act of 2026
- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-7973: Momnibus Act
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-5658: Child Care for Every Community Act
- 119-hr-3971: Domestic Workers Bill of Rights Act

## Sources
- [119-hr-8063 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8063)

## Related
- [119-hr-9877: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-hr-9877)
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-5658: Child Care for Every Community Act](https://policyrisk.com/legislation/119-hr-5658)
- [119-hr-3971: Domestic Workers Bill of Rights Act](https://policyrisk.com/legislation/119-hr-3971)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8063 (as of 2026-09-21).