This bill amends the Small Business Act to create a new entrepreneurship counseling and training program specifically for people released from federal prisons. The Service Corps of Retired Executives, an existing Small Business Administration resource, would be required to provide nationwide mentoring, workshops, and training to help formerly incarcerated individuals start or expand their own businesses. The services would include one-on-one mentoring sessions over a year-long period, help with business planning and identifying funding sources, and workshops tailored to the unique needs of this population. The Small Business Administration would be required to survey participants and submit annual reports to Congress detailing program participation, mentoring hours provided, participant demographics, and program effectiveness. The bill does not specify dedicated funding amounts, relying instead on the existing infrastructure of the Service Corps of Retired Executives.
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