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Last week, two bills were introduced in the House to allow cannabis-related legitimate business and service providers to benefit from Small Business Administration (SBA) programs. Rep. Jared Golden (D-ME) introduced HR 3543 to ensure that certain entrepreneurial development programs at the SBA, such as Women’s Business Centers and Small Business Development Centers, are made available to cannabis-related businesses, and Rep. Nydia Velazquez (D-NY) introduced HR 3540 to ensure that certain loan programs at the SBA are made available to these businesses.

Bills of Interest

  • A bill was introduced by Rep. Suzanne Bonamici (D-OR) to amend the Consumer Financial Protection Act of 2010 to establish the position of the Assistant Director and Student Loan Borrower Advocate of the Bureau of Consumer Financial Protection, to establish the Office for Students and Young Consumers of the Bureau (HR 3547)
  • A bill was introduced by Rep. Jared Golden (D-ME) to ensure that certain entrepreneurial development services of the Small Business Administration are made available to cannabis-related legitimate businesses and service providers (HR 3543)
  • A bill was introduced by Rep. Nydia Velazquez (D-NY) to ensure that certain loan programs of the Small Business Administration are made available to cannabis-related legitimate businesses and service providers (HR 3540)
  • A bill was introduced by Rep. Bradley Schneider (D-IL) to amend the Small Business Act to codify the Boots to Business Program (HR 3537)
  • A bill was introduced by Sen. James Risch (R-ID) to modify the Federal and State Technology Partnership Program of the Small Business Administration (S 2023)
  • A bill was introduced by Sen. Christopher Coons (D-DE) to amend the Energy Policy Act of 2005 to require the establishment of a small business voucher program (S 2009)

Committee Proceedings

House Committee on Education and Labor

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House Small Business Committee

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House Financial Services Committee

  • On July 10th , the committee will hold a hearing titled, “Monetary Policy and the State of the Economy.”
  • On July 10th, committee will hold a hearing titled, “Building a Sustainable and Competitive Economy: An Examination of Proposals to Improve Environmental, Social and Governance Disclosures.”
  • On July 25th, the committee’s Task Force on Financial Technology will hold a hearing titled, “Examining the Use of Alternative Data in Underwriting and Credit Scoring to Expand Access to Credit.”

House Committee on Appropriations

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House Ways and Means Committee

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Senate Committee on Small Business and Entrepreneurship

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Senate Committee on Banking, Housing, and Urban Affairs

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Senate Committee on Health, Education, Labor, and Pensions

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Senate Committee on Appropriations

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Senate Committee on Finance

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Senate Judiciary Committee

  • On July 17th the committee will hold a hearing titled, “Oversight of the United States Copyright Office”
  • On July 23rd, the committee will hold a hearing titled, “Oversight of the Enforcement of the Antitrust Laws”

At the Agencies

Department of Labor

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Department of the Treasury

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Small Business Administration

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Office of the US Trade Representative

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Department of Commerce

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Links You Can Use

For reviewing legislation and tracking appropriations: www.congress.gov
For reviewing proposed and pending regulation: www.federalregister.gov