United States · Bill · S
S. 2850 (113th)
SOAR Act
Introduced
17 September 2014
Last action
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Status
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sponsors
—
Subjects
Discovery layer
Source updated
12 August 2025
Summary
Startup Opportunity Accelerator Act of 2014 or the SOAR Act - Amends the Small Business Act to require the Administrator of the Small Business Administration (SBA) to develop a program to award cash prizes of up to $50,000 to organizations in the United States whose primary purpose is to support new small businesses that have been in operation for five years or less. Authorizes the use of a prize for construction costs, space acquisition, and programmatic purposes. Prohibits its use for capital or professional services to new small businesses. Requires a prize recipient to provide assistance to at least 10 new small businesses per year.
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Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 17 September 2014
Introduced in Senate (PDF)
Introduced in Senate · EN · 17 September 2014
Introduced in Senate
summary · EN · 17 September 2014
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/113th-congress/senate-bill/2850
- Open data entity: https://api.congress.gov/v3/bill/113/s/2850