Small Business Administration Rural Performance Report Act

What it does

This bill requires the Small Business Administration (SBA) to report on its efforts to promote businesses and agricultural economies in rural areas.

Specifically, the SBA must report about the activities of the Office of Rural Affairs, including how the office is promoting the availability of financial assistance for small businesses located in rural areas.

The SBA also must report on its collaboration with the Department of Agriculture pursuant to the memorandum of understanding the agencies entered into on April 4, 2018, including the extent to which the SBA remains involved with the working groups convened under the memorandum.

Summary by the Congressional Research Service, Feb 28, 2024 (Passed House). CRS summarizes bills impartially; it does not take positions.