Summary of Bill S 2906: Expanding American Entrepreneurship Act

Purpose and Intent

The Expanding American Entrepreneurship Act aims to promote and enhance entrepreneurship across the United States. The bill seeks to create a more favorable environment for small businesses and startups by providing resources, support, and incentives that encourage innovation and economic growth.

Key Provisions

While the specific text of the bill is not provided, the following are expected key provisions based on the title and intent:

• Access to Capital: The bill may propose measures to improve access to funding for small businesses, including grants, loans, and investment opportunities.

• Support Programs: Establishment or expansion of programs that provide mentorship, training, and resources for entrepreneurs, particularly in underserved communities.

• Regulatory Relief: Potential easing of certain regulatory burdens that hinder small business formation and growth.

• Tax Incentives: Introduction of tax credits or deductions aimed at encouraging investment in startups and small businesses.

• Collaboration with Educational Institutions: Initiatives to foster partnerships between businesses and educational institutions to promote entrepreneurship education and training.

Who Would Be Affected

The Expanding American Entrepreneurship Act would primarily impact:

• Small Business Owners: Entrepreneurs looking to start or grow their businesses would benefit from increased access to resources and funding.

• Startups: New businesses, particularly those in innovative sectors, would gain support through potential funding and mentorship programs.

• Underserved Communities: The bill aims to specifically assist entrepreneurs from marginalized backgrounds, enhancing economic opportunities in these areas.

• Investors: Individuals and organizations looking to invest in small businesses may find new incentives and opportunities under this legislation.

Procedural Aspects

• Introduced: The bill was introduced in the Senate on September 18, 2025.

• Legislative Actions: Following its introduction, the bill was read twice and referred to the Committee on Banking, Housing, and Urban Affairs for further consideration.

Sponsors

The bill is sponsored by:
- Jerry Moran (Primary Sponsor)
- Mark R. Warner (Cosponsor)
- Ruben Gallego (Cosponsor)
- Tim Scott (Cosponsor)

Conclusion

The Expanding American Entrepreneurship Act represents a legislative effort to bolster the entrepreneurial landscape in the U.S. by providing essential support and resources for small businesses and startups. As the bill progresses through the legislative process, it has the potential to significantly impact economic growth and innovation across the nation.