S. 5664
FUTURE of Workers Act
Sponsor: Brian Schatz
1 cosponsor
Official summary
No official summary yet.
Text of the bill
(a) In general. The Administrator of the Small Business Administration shall prioritize participants in the Worker Adaptation and Training Program when considering applications for loans and grants from the Administration, including under the business loan and microloan programs established under subsections (a) and (m), respectively, of section 7 of the Small Business Act (15 U.S.C. 636).
(b) Set-Aside. In each fiscal year, the Administrator of the Small Business Administration shall set aside 1.5 percent of amounts appropriated to carry out the business loan program under section 7(a) of the Small Business Act (15 U.S.C. 636(a)) to provide assistance to participants in the Worker Adaptation and Training Program.