To require the Administrator of the Small Business Administration to establish a program to encourage small business concerns to make business succession plans, and for other purposes.
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Summary
Based on the bill's title, this legislation would require the Small Business Administration to establish a program encouraging small business owners to develop business succession plans. The bill's referral to both the Small Business Committee and the Ways and Means Committee suggests it may also address tax or financial aspects of business transitions, though the specific provisions are not available.
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How your representatives voted
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