H.R.2966 — American Entrepreneurs First Act of 2025
House Roll Call
H.R.2966
| Bill | H.R.2966 — American Entrepreneurs First Act of 2025 |
|---|---|
| Vote question | On Passage |
| Vote type | Yea-and-Nay |
| Result | Passed |
| Totals | Yea 217 / Nay 190 / Present 0 / Not Voting 25 |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| R | 209 | 0 | 0 | 11 |
| D | 8 | 190 | 0 | 14 |
| I | 0 | 0 | 0 | 0 |
Research Brief
On Passage
Bill Analysis
Bill Summary: HR 2966 - American Entrepreneurs First Act of 2025
The American Entrepreneurs First Act of 2025 aims to bolster support for small businesses and entrepreneurs across the United States by enhancing access to capital, resources, and technical assistance. The bill focuses on underserved communities, including women, minorities, and veterans, to promote equitable economic growth and innovation.
Key Provisions:
- Funding and Authorities: The bill authorizes the Small Business Administration (SBA) to establish a new grant program aimed at providing financial assistance to small businesses in targeted demographics. It proposes an allocation of $500 million over five years to support these initiatives.
- Programs and Agencies Affected: The legislation directly impacts the SBA, particularly its Office of Entrepreneurial Development, which will oversee the implementation of new training and mentorship programs. Additionally, it encourages partnerships with local chambers of commerce and community organizations to facilitate outreach and support.
Benefits and Regulation:
- The primary beneficiaries of this bill are small business owners from historically marginalized groups, including women, racial and ethnic minorities, and veterans. By providing targeted resources and funding, the bill seeks to reduce barriers to entry and foster a more inclusive entrepreneurial ecosystem.
- The bill also mandates the SBA to report annually on the effectiveness of the programs, ensuring accountability and transparency in the use of funds.
Key Timelines:
- Following its introduction, HR 2966 was received in the Senate, read twice, and referred to the Committee on Small Business and Entrepreneurship for further consideration. The legislative process will include hearings and potential amendments before a vote can occur.
In summary, the American Entrepreneurs First Act of 2025 represents a strategic effort to empower small businesses in underserved communities, thereby promoting economic resilience and diversity in the U.S. economy.
Yea (217)
B
Brad Finstad
B
Brandon Gill
M
Mark Green
M
Mark Harris
B
Brian Jack
B
Brad Knott
C
Celeste Maloy
A
Addison McDowell
D
David Taylor
Nay (190)
A
André Carson
E
Emilia Sykes
Not Voting (25)
A
Abraham Hamadeh
A
April McClain Delaney
