21st Century Entrepreneurship Act

Catherine Cortez Masto

Democrat · NV · Senator

Source: Congress.gov · FEC

• Marsha Blackburn (R-TN)Original· 2026-03-18

Read twice and referred to the Committee on Small Business and Entrepreneurship.

2026-03-18

Source: Congress.gov

This bill aims to support small business owners and entrepreneurs by modernizing federal programs and policies to help them start, grow, and compete in today's economy. The specific changes likely include updates to small business loans, tax incentives, regulatory relief, or access to government contracts, though the exact provisions would be determined as the bill moves through the Small Business Committee. The legislation would primarily affect small business owners, startup founders, and the agencies that oversee entrepreneurship programs.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 4133 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 4133 To require the Administrator of the Small Business Administration to encourage entrepreneurship training in after school programs, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 18, 2026 Ms. Cortez Masto (for herself and Mrs. Blackburn) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship _______________________________________________________________________ A BILL To require the Administrator of the Small Business Administration to encourage entrepreneurship training in after school programs, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``21st Century Entrepreneurship Act''. SEC. 2. FINDINGS. Congress finds that-- (1) entrepreneurship creates new jobs, grows the economy, increases productivity, and significantly improves the quality of life of the people of the United States; (2) entrepreneurship rates in the United States have declined substantially over the last several decades; (3) children from disadvantaged communities are less likely to become entrepreneurs and inventors, hampering economic growth and harming communities most in need; (4) studies show that children with mentors in entrepreneurship and inventorship are more likely to pursue these fields in adulthood; and (5) in order to promote growth in disadvantaged communities, increase entrepreneurship rates, and improve the economy, volunteer mentors with the SCORE program should be encouraged to engage with children in community learning centers. SEC. 3. DEFINITIONS. In this Act: (1) Administration; administrator.--The terms ``Administration'' and ``Administrator'' mean the Small Business Administration and the Administrator thereof, respectively. (2) Community learning center.--The term ``community learning center'' has the meaning given the term in section 4201(b) of the Elementary and Secondary Education Act of 1965 (20 U.S.C. 7171(b)). (3) Inventorship.--The term ``inventorship'' means the activity of creating, designing, or otherwise originating a new product or service. (4) SCORE program.--The term ``SCORE program'' means the Service Corps of Retired Executives described in section 8(b)(1)(B) of the Small Business Act (15 U.S.C. 637(b)(1)(B)). (5) Small business development center.--The term ``small business development center'' has the meaning given the term in section 3 of the Small Business Act (15 U.S.C. 632). SEC. 4. ENTREPRENEURSHIP EDUCATION FOR DISADVANTAGED YOUTH. (a) In General.--The Administrator shall-- (1) develop a curriculum for volunteers with the SCORE program to teach female students, minority students, English learners, children with disabilities, students from rural areas, and low-income students who are often underrepresented in critical and enriching subjects about entrepreneurship and inventorship through community learning centers; (2) develop and implement a strategy to encourage partnerships between the SCORE program and community learning centers to teach the curriculum developed under paragraph (1) to the students described in that paragraph through community learning centers; and (3) in developing the curriculum required under paragraph (1), collaborate with education specialists, entrepreneurship groups, business groups, and groups with experience serving underrepresented children. (b) Collaboration With Other Programs.--In carrying out the partnerships under subsection (a)(2), volunteers with the SCORE program are encouraged to collaborate with other entrepreneurial development programs of the Administration and other agencies, including-- (1) small business development centers; (2) women's business centers operating under section 29 of the Small Business Act (15 U.S.C. 656); (3) centers overseen by the Minority Business Development Agency of the Department of Commerce; and (4) the Growth Accelerator Fund Competition of the Administration carried out under section 24 of the Stevenson- Wydler Technology Innovation Act of 1980 (15 U.S.C. 3719). (c) SCORE Program.--Section 8(b)(1)(B) of…

the Small Business Act (15 U.S.C. 637(b)(1)(B)) is amended, in the first sentence, by inserting before the period at the end the following: ``and to carry out entrepreneurship and inventorship programs under section 4(a) of the 21st Century Entrepreneurship Act''. (d) Community Learning Centers.--Part B of title IV of the Elementary and Secondary Education Act of 1965 (20 U.S.C. 7171 et seq.) is amended-- (1) in section 4201(a)(2) (20 U.S.C. 7171(a)(2)), by inserting ``entrepreneurship and inventorship (as defined in section 3 of the 21st Century Entrepreneurship Act) programs,'' after ``apprenticeship programs,''; and (2) in section 4205(a) (20 U.S.C. 7175(a))-- (A) in paragraph (13), by striking ``and'' at the end; (B) in paragraph (14), by striking the period at the end and inserting ``; and''; and (C) by adding at the end the following: ``(15) entrepreneurship and inventorship programs described in section 4(a) of the 21st Century Entrepreneurship Act.''. (e) Report.--Not later than 1 year after the date of enactment of this Act, and every 2 years thereafter, the Administrator shall submit to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business of the House of Representatives a report that-- (1) identifies each partnership between the SCORE program and a community learning center during the preceding 2-year period; (2) documents the use of funds by the SCORE program, and adherence by the SCORE program to contract award and procurement procedures, relating to the implementation of this Act; (3) documents any training or guidance provided to SCORE program chapter leadership on properly using funds provided to carry out this Act; (4) estimates the number of students who were reached through the entrepreneurship curriculum developed under subsection (a); (5) identifies any barriers to reaching additional students; and (6) identifies any plans for improving the curriculum or implementing the strategy developed under subsection (a). (f) Authorization of Appropriations.-- (1) In general.--There is authorized to be appropriated to the Administrator $2,500,000 for each of fiscal years 2026 through 2030 to carry out this Act and the amendments made by this Act. (2) Transfer of funds.--Of amounts made available to the Administrator to carry out this Act and the amendments made by this Act, the Administrator may transfer any portion of those amounts to the SCORE program to carry out such provisions. <all>

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