To provide for a limitation on availability of funds for Independent Agencies, Small Business Administration,Office of Advocacy for fiscal year 2024.
Impact
If passed, HB 2146 would significantly alter the operational capabilities of the Small Business Administration and its support functions. By enforcing a ceiling on funding, the bill could lead to reduced services and advocacy supporting small businesses, potentially stifling their growth and development at a time when many are still recovering from economic disruptions. The limitation of funds may impact various programs designed to assist small businesses, which could slow down the recovery of small business sectors across the nation.
Summary
House Bill 2146 seeks to impose a stringent limitation on the availability of funds allocated to certain independent agencies, specifically targeting the Small Business Administration and its Office of Advocacy for the fiscal year 2024. This bill was introduced in the House of Representatives and aims to cap the funding at $9,120,000. The proposed legislation reflects a growing trend towards fiscal conservatism and prioritizing budgetary restraint within government operations.
Contention
There are notable points of contention surrounding the bill, particularly regarding its implications for small businesses. Proponents argue that such limitations are necessary for curbing government expenditure, thereby promoting fiscal responsibility. In contrast, opponents highlight that restricting the Office of Advocacy's budget could undermine essential support systems for small businesses, especially in underrepresented or economically disadvantaged sectors. They caution that this move might convey a lack of commitment to fostering an environment where small businesses can thrive.
To provide for a limitation on availability of funds for Independent Agencies, Small Business Administration, Office of Inspector General for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Small Business Administration, Business Loans Program Account for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Small Business Administration, Salaries and Expenses for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Small Business Administration, Disaster Loan Program for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Small Business Administration, Entrepreneurial Development Programs for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, Small Business Administration, Loan Modernization and Accounting System for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, General Services Administration, Office of Inspector General for fiscal year 2024.
To provide for a limitation on availability of funds for Independent Agencies, National Archives and Records Administration, Office of Inspector General for fiscal year 2024.