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Bill

S 6359

Enacts the "microbusiness resiliency and growth act"

2025 Regular Session Introduced by John Liu

Enacts the microbusiness resiliency and growth act to help very small firms survive and grow through funding, technical assistance, and access to finance.

REFERRED TO BUDGET AND REVENUE
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Bill Summary · S 6359

S 6359 — Enacts the "microbusiness resiliency and growth act"

Quick overview

  • Bill number: S 6359
  • Title: Enacts the "microbusiness resiliency and growth act"
  • Status: Referred to Budget and Revenue
  • Introduced: March 11, 2025
  • Sponsor: John Liu (primary)
  • Related bills: S 6892 (prior-session); A 4967 (companion)

Purpose and intent

The bill is titled to establish the “microbusiness resiliency and growth act,” signaling a focus on supporting very small businesses (microbusinesses) in building resilience and fostering growth. With the referral to the Budget and Revenue committee, the measure likely involves fiscal provisions (funding, financing, or tax/fee provisions) and their budgetary impact. The exact goals, program design, eligibility rules, and funding levels are not provided in the summary available.

Key provisions (as currently unknown)

Because the full text is not included here, the specific provisions are not listed. In bills of this nature, typical elements could include:
- Creation or expansion of programs to provide financial support (grants, loans, or loan guarantees) to microbusinesses.
- Technical assistance, training, or access to business development services.
- Tax incentives, tax credits, or relief designed to improve cash flow and resilience.
- Eligibility criteria (e.g., business size, sector, geographic focus) and program administration.
- Monitoring, reporting, and sunset or renewal provisions.
- Funding sources and appropriation details, plus any required state or local match.

Who would be affected

  • Primary focus: microbusinesses (very small enterprises, often defined by employee count or revenue).
  • Economic development organizations, workforce development agencies, and financial institutions that administer or participate in the programs.
  • Potentially, taxpayers and state budgets if new grants, subsidies, or tax measures are created.

Procedural and timeline aspects

  • The bill has been introduced and referred to the Budget and Revenue committee (on March 11, 2025).
  • No further action dates or committee hearings are provided in the summary.
  • Given the committee referral, a fiscal note and budgetary impact analysis would typically accompany further movement.

What to watch for

  • Reading the full text to confirm program design: eligibility, funding amounts, eligible activities, and administration.
  • Detailed fiscal note and any revenue impact (positive or negative) and implementation timeline.
  • Any companion bills (A 4967) that may mirror the same provisions and provide additional context.
  • Specifics on accountability, reporting requirements, and sunset/renewal provisions.

If you’d like, I can update this summary after you provide the bill’s full text or a link to the official language.

Compiled from official sources — confirm details with the bill’s official record.

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