PRIA Logo™
119-s-1608119th CongressWALLET

Supporting NEW BUSINESSES Act

Sponsored By: Senator Cortez Masto, Catherine [D-NV]

Introduced

Summary

Creates an annual SBA award program that recognizes state and local governments for cutting red tape and simplifying small business formation. It sets up three population-based awards and rewards innovations that reduce paperwork, consolidate resources, fix cross-jurisdiction inconsistencies, or otherwise make starting a business easier.

Show full summary
  • State and local governments: Eligible to apply for one of three annual awards, including communities of 400,000 or more and those under 100,000. Winners get federal recognition that can spotlight and encourage further reforms.
  • Entrepreneurs and small business founders: Could face fewer redundant forms and more user-friendly online portals when local governments adopt award-winning changes, lowering startup friction and delays.
  • Small Business Administration: Must run the annual competition and evaluate applications using criteria like paperwork reduction, consolidated resources, and cutting inconsistent rules across jurisdictions.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Awards to Simplify Starting Small Businesses

This bill would create an annual award program at the Small Business Administration. Each year the Administrator would give three awards to state or local governments. One award would go to communities with 400,000 or more people. One award would go to communities with 100,000 to under 400,000 people. One award would go to communities under 100,000 people. Governments would apply in a form and at times the Administrator sets. The Administrator would look for actions that cut paperwork, consolidate resources like user-friendly portals, reduce conflicting rules across jurisdictions, or otherwise make starting a business more efficient. The bill text does not set a funding amount or a sunset date for the awards.

Sponsors & CoSponsors

Sponsor

Cortez Masto, Catherine [D-NV]

NV • D

Cosponsors

  • Sen. Moran, Jerry [R-KS]

    KS • R

    Sponsored 5/6/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation