Small Business Advocacy Improvements Act of 2025
Description
This bill would authorize the SBA Office of Advocacy to represent small business interests before international entities and governments.
Summary
What it does
This bill would expand the authority and responsibilities of the Small Business Administration’s Office of Advocacy to include international economic matters. It proposes to authorize the office to examine how small businesses function within the global economy and represent their interests before foreign governments and international organizations. These new duties would focus on contributing to international trade and regulatory initiatives that could impact small firms.
Who is affected
This bill primarily affects the Office of Advocacy within the Small Business Administration by expanding its statutory functions and duties. Small businesses are also affected, as the Office is tasked with representing their interests before foreign governments and international entities regarding trade and regulatory initiatives. Additionally, the bill impacts small businesses involved in the international economy through the Office's new mandate to examine their global roles.
Key provisions
- Expansion of Office of Advocacy functions. The bill broadens the primary functions of the Small Business Administration's Office of Advocacy to include examining the role small businesses play in the international economy.
- International representation of small business interests. The Office of Advocacy is tasked with representing small business views before foreign governments and international entities regarding trade and regulatory initiatives.
Fiscal impact
Not applicable: No CBO cost estimate available
Effective dates
Not applicable: Official Summary does not address effective dates
Relationship to existing law
This bill expands the existing statutory functions and duties of the Office of Advocacy within the Small Business Administration.
Stated purpose
The bill aims to expand the scope of the Small Business Administration's Office of Advocacy by authorizing it to examine the role of small businesses in the global economy and represent their interests before international entities and foreign governments regarding trade and regulatory initiatives.