Sec. 100601. Reentry entrepreneurship counseling and training for incarcerated and formerly incarcerated individuals
391 words·~2 min read·
/bill/117/hr/5376/eh/section-100601·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In addition to amounts otherwise available, there is appropriated to the Small Business Administration, out of money in the Treasury not otherwise appropriated for fiscal year 2022, $35,000,000, to remain available until September 30, 2029, to carry out section 52 of the Small Business Act, as added by paragraph (2). The Small Business Act is amended by inserting after section 51, as added by section 100301 of this title, the following: In this section: The term covered individual means an individual who is completing a term of imprisonment in a facility designated as a minimum, low, or medium security.
The term resource partners means a small business development center (defined in section 3) or a women’s business center (described under section 29). The Administrator shall coordinate with resource partners and associations formed to pursue matters of common concern to resource partners to provide entrepreneurship counseling and training services to covered individuals pursuant to subsection (c). Amounts made available under this section shall be used to— develop and deliver a curriculum, including classroom instruction and in-depth training to develop skills related to business planning and financial literacy; train mentors and instructors; establish public-private partnerships to support covered individuals; and identify opportunities to access capital. .
In addition to amounts otherwise available, there is appropriated to the Small Business Administration, out of any money in the Treasury not otherwise appropriated for fiscal year 2022, $35,000,000, to remain available until September 30, 2029, to carry out section 53 of the Small Business Act, as added by paragraph (2). The Small Business Act is amended by inserting after section 52, as added by subsection (a), the following: In this section, the term covered individual means an individual who completed a term of imprisonment.
The Administrator shall establish a program under which the Service Corps of Retired Executives authorized by section 8(b)(1)(B) shall provide entrepreneurship counseling and training services to covered individuals on a nationwide basis. Amounts made available under this section shall be used by the Service Corps of Retired Executives for providing to covered individuals the following services: Regular individualized mentoring sessions to identify and support development of the business plans of covered individuals.
Workshops on topics specifically tailored to meet the needs of covered individuals. Instructional videos designed specifically for covered individuals on how to start or expand a small business concern. .