The Helping Small Businesses THRIVE Act directs the Small Business Administration to create a pilot program helping small businesses protect themselves against rising costs from commodity price fluctuations. Under this program, eligible small businesses can purchase commodity futures contracts or options—particularly for gasoline and diesel—at fixed prices set by the SBA, with the initial focus on fuel but potential expansion to up to three additional commodities. The SBA must establish the program within one year and provide outreach through small business development centers and other resource partners, along with online guidance to help businesses decide whether participating would benefit them. Eligible businesses include those in operation for at least one year and cannot include financial institutions, investment firms, or companies subject to commodity market regulation. The legislation authorizes necessary funding for five years and requires the SBA to submit detailed reports to Congress on program participation, agreements entered, and the effects on participating businesses' growth and expansion plans.
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