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HR 4945 117th Congress House Commerce Business education Business investment and capital Correctional facilities and imprisonment Disability and paralysis Government information and archives Indian social and development programs Minority and disadvantaged businesses Small business Veterans' education, employment, rehabilitation Women in business

To amend the Small Business Act to establish a growth accelerator fund competition, and for other purposes.

Introduced: August 6, 2021 Introduced by: Blunt Rochester, Lisa Democratic · Delaware See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 6, 2021
Referred to the House Committee on Small Business.
Aug 6, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

This bill requires the Small Business Administration to develop and implement a program to award cash grants of at least $1,000,000 to organizations that support new small businesses. These awards may be used for construction costs, space acquisition, and programmatic purposes, but they may not be used to provide capital or professional services to small businesses directly or through the subaward of funds.

The organization must have the support of new small businesses as a primary purpose and be often classified as an accelerator. The term accelerator means an organization that (1) supports new businesses with a focus on technology, research, and development; (2) frequently provides, but is not exclusively designed to provide, seed investment in exchange for a small amount of equity; (3) works with a startup for a predetermined amount of time; (4) provides mentorship and instruction to scale businesses; or (5) offers startup capital or the opportunity to raise capital from outside investors.

What's happening now August 6, 2021

Referred to the House Committee on Small Business.

 Related & companion bills 1
  • S 2631 Related bill SOAR Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 9

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

See all 9 filings →
 Cosponsors 1
All 1 Republican 1
R
Fitzpatrick, Brian K.
Pennsylvania · Aug 6, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4945: To amend the Small Business Act to establish a growth accelerator fund competition, and for other purposes.. 117th Congress. Open America. https://openamerica.io/bill/117-HR-4945/
MLA
"H.R. 4945: To amend the Small Business Act to establish a growth accelerator fund competition, and for other purposes.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-4945/.
Bluebook (legal)
H.R. 4945, 117th Cong. (2026), https://openamerica.io/bill/117-HR-4945/.
Markdown link
[H.R. 4945: To amend the Small Business Act to establish a growth accelerator fund competition, and for other purposes.](https://openamerica.io/bill/117-HR-4945/)
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