# 119-s-5631: SOAR Act

119-s-5631, SOAR Act, is a 119th Congress bill sponsored by Sen. Booker, Cory A. [D-NJ] (D-NJ); status introduced; PRIA reads it as touching household money (as of 2026-10-17).

- Canonical: https://policyrisk.com/legislation/119-s-5631
- As of: 2026-10-17
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-5631
- Congress: 119
- Title: SOAR Act
- Status: introduced
- Introduced: 2026-09-30
- Sponsor: Sen. Booker, Cory A. [D-NJ] (D-NJ)
- Cosponsors: 3
- Policy area: Commerce
- Touches household money: yes
- Last recorded action: 2026-10-17

## Summary

**Creates a nationwide Growth Accelerator Fund Competition to give federal grants to growth accelerators that support new small businesses.** This bill would set up an SBA‑administered competition to fund programs that help startups in their first five years and boost local entrepreneurial ecosystems. - Growth accelerators and new small business concerns (NSBCs): Grant winners would be required to assist at least 10 NSBCs per year and grants must be at least $1 million. Funds may be used for capacity building like construction, space, and program costs but may not be used to provide capital directly to startups. - Underserved communities and equity priorities: At least 50% of funds each fiscal year must go to accelerators in designated geographic areas or those serving majority‑owned businesses by socially or economically disadvantaged owners, women, Native Americans, veterans, formerly incarcerated people, or individuals with disabilities. - Administration, oversight, and coordination: The SBA would run a streamlined application that prioritizes results and innovation, require annual reporting on participation and capital raised, coordinate with SBA resources and Veterans Affairs outreach, and publish awardees online. *If enacted, it would authorize $80 million per year from 2027 through 2036, totaling $800 million in authorized federal funding for the program.*

## Cosponsors (3)

- Sen. Van Hollen, Chris [D-MD] (D-MD), 2026-09-30T00:00:00.000Z
- Sen. Hirono, Mazie K. [D-HI] (D-HI), 2026-09-30T00:00:00.000Z
- Sen. Blunt Rochester, Lisa [D-DE] (D-DE), 2026-09-30T00:00:00.000Z

## Provisions PRIA read

- New grants for startup accelerators: mixed, medium. If enacted, the SBA would start a Growth Accelerator Fund Competition within one year. Eligible accelerators in the U.S. and territories would be able to receive grants of at least $1 million. Congress would authorize $80 million each year from 2027 through 2036 for the program. Applicants would ne…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-5283: Momnibus Act
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2823: FAMILY Act
- 119-s-3869: Healthy Families Act
- 119-s-51: Washington, D.C. Admission Act

## Sources
- [119-s-5631 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/5631)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-5283: Momnibus Act](https://policyrisk.com/legislation/119-s-5283)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [119-s-3869: Healthy Families Act](https://policyrisk.com/legislation/119-s-3869)
- [119-s-51: Washington, D.C. Admission Act](https://policyrisk.com/legislation/119-s-51)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-5631 (as of 2026-10-17).