May 12 2022
WASHINGTON – U.S. Senators Jerry Moran (Kan.) and Catherine Cortez Masto (Nev.) this week introduced the Supporting NEW BUSINESSES Act, legislation to make it easier to start and grow a new business. This bipartisan bill will require the Small Business Administration (SBA) to provide annual awards that would encourage states and localities to reduce red tape and streamline the process for starting a new business.
“Every business counts – to the community and to the state,” said Sen. Moran. “Celebrating cities and states that implement innovative solutions to cut red tape, reduce bureaucracy and make it easier for entrepreneurs to build successful businesses will encourage communities to enact policies that promote economic growth.”
“Nevada’s small businesses shouldn’t be burdened by excess red tape when trying to get their businesses off the ground, and my bipartisan legislation will encourage cities and states across the country to make it easier to start and grow a new business,” said Sen. Cortez Masto. “I’ll keep working to jumpstart American entrepreneurship and provide our small businesses with every tool they need to succeed.”
Under the Supporting NEW BUSINESSES Act, the SBA would recognize communities across the country that are making it easier for small businesses to get off the ground. These federal awards would allow communities to market themselves as award winning, business friendly areas and help them attract additional capital and business opportunities.
Full text of the bill is available here.
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