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.
Latest action (30 Sep 2026): Introduced
What this bill does
This bill, introduced by Senator Cory Booker, proposes to create a new program within the Small Business Act. Its stated purpose is to provide funding for organizations that assist startup businesses. These organizations would offer resources and services to entrepreneurs during the formation and early growth phases of their companies, aiming to help them develop into viable businesses.
The bill would directly impact organizations that support new businesses and, indirectly, the entrepreneurs and startup companies they serve. By providing funding, the program aims to enhance the capacity of these support organizations to deliver essential services. The full details of how this funding would be distributed or what specific resources would be prioritized are not yet publicly available as the full text of the bill has not been published.
Currently, S. 5631 has been introduced in the Senate and is in the initial stage of the legislative process. As it has just been introduced, it has not yet moved to other committees for review or debate. Future steps would involve committee consideration, potential amendments, and votes in both the Senate and the House of Representatives before it could be sent to the President to be signed into law.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on September 30, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does S. 5631 do?
- This bill, introduced by Senator Cory Booker, proposes to create a new program within the Small Business Act. Its stated purpose is to provide funding for organizations that assist startup businesses. These organizations would offer resources and services to entrepreneurs during the formation and early growth phases of their companies, aiming to help them develop into viable businesses. The bill would directly impact organizations that support new businesses and, indirectly, the entrepreneurs and startup companies they serve. By providing funding, the program aims to enhance the capacity of these support organizations to deliver essential services. The full details of how this funding would be distributed or what specific resources would be prioritized are not yet publicly available as the full text of the bill has not been published. Currently, S. 5631 has been introduced in the Senate and is in the initial stage of the legislative process. As it has just been introduced, it has not yet moved to other committees for review or debate. Future steps would involve committee consideration, potential amendments, and votes in both the Senate and the House of Representatives before it could be sent to the President to be signed into law.
- Has S. 5631 become law?
- Not yet. As of 30 Sep 2026, S. 5631 is introduced.
- Who sponsored S. 5631?
- S. 5631 was sponsored by Sen. Cory Booker [D-NJ] (Democrat-NJ), with 0 cosponsors.
- What's the latest action on S. 5631?
- Introduced (30 Sep 2026).
Bill100 mirrors the public U.S. legislative record from Congress.gov and GovTrack and adds plain-English AI summaries. It is an information tool, not legal, compliance or lobbying advice, and it is not affiliated with the U.S. Congress or any government agency. AI summaries can simplify or omit detail — every bill links to the official source; verify there before you rely on it.