What does Preamble of GREATER Act do?

This bill, formally titled 'To require the Small Business Administration, the Appalachian Regional Commission, and the Delta Regional Authority to enter into an agreement to carry out activities to expand rural entrepreneurship, and for other purposes,' aims to expand rural entrepreneurship. The bill requires the Small Business Administration, the Appalachian Regional Commission, and the Delta Regional Authority to enter into an agreement. The agreement will facilitate activities designed to expand rural entrepreneurship.

What does SHORT TITLE. of GREATER Act do?

This bill is formally titled the Growing Regional Entrepreneurship and Access To Economic Resilience Act.

What does MEMORANDUM OF UNDERSTANDING TO EXPAND RURAL ENTREPRENEURSHIP of GREATER Act do?

This section directs the Administrator of the Small Business Administration, the Appalachian Regional Commission, and the Delta Regional Authority to enter into a memorandum of understanding (MOU) within 120 days of the Act's enactment. The MOU aims to expand rural entrepreneurship and support small businesses within the Appalachian and Delta regions. The covered officials are responsible for coordinating activities and ensuring the inclusion of eligible small businesses. The officials may enter into reimbursable agreements with other entities and collaborate with other federal agencies to maximize effectiveness. Within two years of enactment, the covered officials must submit a report to Congress detailing activities, coordination, opportunities for expansion, and future collaboration plans. A 'covered small business concern' is defined as a small business located within the Appalachian or Delta region. The Appalachian Regional Commission and Delta Regional Authority are defined by reference to existing legislation.

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GREATER Act

Last updated: 4/8/2025 · Introduced: 4/8/2025

Author: Julia Letlow (R-LA)

TL;DR (AI)

The bill requires the Small Business Administration, Appalachian Regional Commission, and Delta Regional Authority to establish a memorandum of understanding to promote rural entrepreneurship.
This memorandum of understanding will coordinate activities and facilitate collaboration to support small businesses in the Appalachian and Delta regions.
The bill mandates a report to Congress detailing the memorandum’s activities, expansion opportunities, and future collaboration plans within two years of enactment.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

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