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H.R. 8416 (119th Congress)Committee
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Prison to Proprietorship for the Formerly Incarcerated Act

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Summary

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This bill amends the Small Business Act to require the Small Business Administration, in coordination with the Bureau of Prisons, to provide entrepreneurship counseling and training services to individuals formerly incarcerated in federal prisons. Services would include mentoring, workshops, business plan development assistance, capital identification, and connection to local small business resources, delivered through the Service Corps of Retired Executives. The SBA would be required to survey participants and submit annual reports to Congress on program performance and participant demographics.

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