To require the Administrator of the Small Business Administration to establish a program to encourage small business concerns to make business succession plans, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To require the Administrator of the Small Business Administration to establish a program to encourage small business concerns to make business succession plans, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators. The main policy domain is Government Operations, Finance, Defense.
Who Benefits and How
federal agencies and legislative administrators may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HF487D7A3A4B0407E8A4AC702B3B8DF62: 1. Short title This Act may be cited as the Small Business Succession Planning Act.
- Section H9F084561A1214EED8189BE0338FA46C0: 2. Business succession plans for small business concerns The Administrator of the Small Business Administration shall establish a program to help small...
- Section H3321435427424F9B802EFFDE9AF9C8AD: 45AA. Business succession plan credit For purposes of section 38, the business succession plan credit determined under this section is— $250 for the first...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To require the Administrator of the Small Business Administration to establish a program to encourage small business concerns to make business succession plans, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators.
Key Policy Areas
Government Operations, Finance, Defense
Primary Purpose
This bill, To require the Administrator of the Small Business Administration to establish a program to encourage small business concerns to make business succession plans, and for other purposes., changes federal law or congressional policy affecting federal agencies and legislative administrators.
Policy Domains
Whole bill
Identified Gains
- federal agencies and legislative administrators
Identified Costs
- federal implementing agencies
Sponsors
Legislative Progress
In CommitteeReferred to the Committee on Small Business, and in addition …
Mr. Crow (for himself and Mr. Garbarino) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "administrator_of_sba"
- → Administrator of the Small Business Administration
- "secretary_of_treasury"
- → Secretary of the Treasury
Key Definitions
Terms defined in this bill
a document that— identifies an individual who will assume the responsibilities of the owner to a small business concern upon the death or retirement of such owner, along with the legal documents necessary
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology