This bill creates a new entrepreneurship counseling and training program specifically designed for people who have been released from federal prison. The program, administered through the Small Business Administration's Service Corps of Retired Executives, would provide mentoring, business planning assistance, workshops, and help identifying funding sources to help formerly incarcerated individuals start or expand small businesses. The services would include regular one-on-one mentoring sessions over the course of a year, assistance with developing business plans and transition plans, and connections to local small business resources. The SBA would be required to survey participants about their satisfaction with the program and submit annual reports to Congress detailing how many people were served, the hours of mentorship provided, participant demographics, and the effectiveness of the services offered. The bill does not specify dedicated funding amounts but requires implementation on a nationwide basis through existing SBA structures.
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