Us Congress 2023-2024 Regular Session

Us Congress Senate Bill SB5088

Introduced
9/18/24  

Caption

Entrepreneurs with Disabilities Reporting Act of 2024

Impact

The implementation of SB5088 will enhance the understanding of the specific entrepreneurial landscape for individuals with disabilities. It requires a detailed assessment of the current support mechanisms and highlights any deficiencies in existing resources. By doing so, the bill aims to influence policy changes within the SBA, fostering a more inclusive environment for entrepreneurs with disabilities and potentially creating tailored programs that meet their needs. This could lead to increased economic participation for disabled individuals in the business sector.

Summary

SB5088, officially known as the Entrepreneurs with Disabilities Reporting Act of 2024, mandates the Administrator of the Small Business Administration (SBA) to submit a comprehensive report to Congress addressing the unique challenges faced by entrepreneurs with disabilities. This report must detail the obstacles encountered in starting and managing a business, the resources available to support these entrepreneurs, and a review of the outreach efforts made by the SBA and associated entities. The intended outcome of the bill is to shed light on the systemic barriers this demographic faces and to propose potential solutions.

Contention

Although SB5088 is largely seen as a positive step towards inclusivity, discussions around it could surface various points of contention. Critics may argue that without adequate funding, the SBA might struggle to take on additional responsibilities imposed by this report. Furthermore, the discussion around defining what constitutes 'disability' and evaluating the effectiveness of current outreach strategies may also raise concerns among stakeholders, advocating that the definition should encompass a broad scope of disabilities to ensure comprehensive support.

Companion Bills

US HB7985

Related Entrepreneurs with Disabilities Reporting Act of 2024

Previously Filed As

US HB7985

Entrepreneurs with Disabilities Reporting Act of 2024

US HB1621

Entrepreneurs with Disabilities Reporting Act of 2025

US HB6457

Minority Entrepreneurship Grant Program Act of 2023

US HB7575

Supporting America’s Young Entrepreneurs Act of 2024

US HB2728

GREATER Act Growing Regional Entrepreneurship and Access To Economic Resilience Act

US SB3759

CREATE Act of 2024 Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2024

US HB7281

CREATE Act of 2024 Comprehensive Resources for Entrepreneurs in the Arts to Transform the Economy Act of 2024

US SB3528

Supporting Disabled Entrepreneurs Act

US HB6002

21st Century Entrepreneurship Act

US HB903

Veterans Entrepreneurship Act of 2023

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