SB5631: SOAR Act Startup Opportunity Accelerator Act of 2026
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Small Business Act to create a program to provide funding for organizations that support startup businesses in formation and early growth stages by providing entrepreneurs with resources and services to produce viable businesses, and for other purposes.
Plain-language summary
The SOAR Act amends the Small Business Act to create a new funding program for organizations that help startup businesses. These organizations provide entrepreneurs with resources, training, and services during the startup formation and early growth stages. The program aims to increase the number of viable, successful new businesses. The bill was recently introduced in Congress and is in the early legislative stage.
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SB5631: SOAR Act Startup Opportunity Accelerator Act of 2026