This bill would limit the Small Business Administration’s delivery of specified entrepreneurial-development activities to programs established before enactment, require congressional notification and expanded annual reporting, with an exception for activities assisting businesses owned by Indian tribes. It would establish a data-collection working group, permit certain grant recipients to use up to 10% of grants for marketing, allow fees from qualifying private partnerships, and limit most new Section 21 awards to entities that previously received such awards. It would also authorize $175 million annually for fiscal years 2026 through 2029 for state formula grants and add reporting, matching-fund, confidentiality, contract-approval, and program-marketing requirements.

FactVote-generated overview; it is not an official CRS summary.