Supporting NEW BUSINESSES Act

S 1221, the Supporting NEW BUSINESSES Act, creates a federal award program to recognize state and local governments that simplify business formation processes. It directs the Small Business Administration to give three annual awards to jurisdictions based on population size (over 400,000, 100,000-400,000, and under 100,000 residents) for implementing specific efficiency measures. Key provisions require governments to reduce paperwork, consolidate resources into user-friendly online portals, and eliminate jurisdictional inconsistencies in business formation requirements. The bill directly affects state and local governments by incentivizing policy changes that aim to make starting a small business easier for residents.