SPARK Act
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, SPARK Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Labor, Government Operations.
Who Benefits and How
financial institutions, investors, and borrowers 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, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H9EC74BA842984ECD95F1410C8EC07C15: 1. Short title This Act may be cited as the Strengthening Place-based Access, Resources, and Knowledge Act or the SPARK Act.
- Section H6C63CA4F2D8B4E38A53017436BD49352: 2. Findings Congress finds the following: Studies have found that incubators, accelerators, and other similar models are effective at increasing revenues, the...
- Section HCEBC7D40E69C4F65AA467857A81E203F: 3. Purposes The purposes of the Spark Program established under section 49 of the Small Business Act, as amended by this Act, are to— spur economic growth in...
- Section H328EA83D285A4A129229DEF563CFBD2D: 4. Spark Program The Small Business Act (15 U.S.C. 631 et seq.) is amended— by redesignating section 49 (15 U.S.C. 631 note) as section 51; and by inserting...
- Section H33D9AC855E794292BA3FF7DA30CCFA96: 49. Spark Program In this section: The term accelerator means an organization— that— works with a startup or growing small business concern for a predetermined...
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, SPARK Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Labor, Government Operations
Primary Purpose
This bill, SPARK Act, changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
In CommitteeReferred to the House Committee on Small Business.
Introduced in House
Ms. Pressley introduced the following bill; which was referred to …
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_housing_and_urban_development"
- → Secretary of Housing and Urban Development
Key Definitions
Terms defined in this bill
an organization— that— tends to work with startup and newly established small business concerns
an organization— that— tends to work with startup and newly established small business concerns
a small business concern that is— owned by an individual that is a member of an underserved group described in section 49(c)(2)(E)
a small business concern that is— owned by an individual that is a member of an underserved group described in section 49(c)(2)(E)
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