ICYMI: Shaheen-Led Expenditures to Support Tiny Companies Are Now Law

January 04, 2023

**The costs led by Shaheen will secure compact organizations from cybersecurity threats and broaden obtain to catastrophe assistance.**

(Washington, DC) – U.S. Senator Jeanne Shaheen, a senior member of the Senate Committee on Compact Business and Entrepreneurship, announced that two bills she led to enable small companies with cybersecurity and get well from organic disasters were a short while ago signed into law.

The Little Small business Cyber Schooling Act, led by Shaheen and Senator Marco Rubio (R-FL), would have to have the Little Business Administration (SBA) to establish a coaching software for Compact Organization Enhancement Centers (SBDCs) to prepare counselors in cybersecurity organizing guidance. Particularly, the monthly bill would require SBDCs to have staff members licensed in cyber tactic counseling for compact firms and provide funds to teach these staff members.

“Cyberattacks can charge smaller organization entrepreneurs treasured assets and expose consumers’ personal information and facts to criminals. The compact company local community justifies aid to mitigate these attacks,” reported Shaheen. “I’m thrilled the Compact Enterprise Cyber Teaching Act is now law, which will arm compact small business homeowners with essential cyber protection schooling so they can rapidly identify and answer to threats to their providers. This new legislation will enable establish digital resiliency in our area economies and much better protect both entrepreneurs and their buyers from cyber criminals.”

The textual content of the bill can be go through right here.

In addition, the Disaster Aid for Rural Modest Corporations Act, led by Shaheen and Senator Jim Risch (R-ID), was also signed into law. The bipartisan legislation would allow for rural communities to extra easily entry emergency reduction in the wake of a pure disaster.

Below latest regulation, bureaucratic roadblocks stop compact businesses and homeowners in rural communities from accessing SBA aid following a organic catastrophe. This legislation creates a waiver at no value to taxpayers, permitting rural communities to far more conveniently accessibility and protected SBA disaster guidance in the situation of a presidentially-declared catastrophe.

“After a catastrophe strikes, rural little enterprises typically experience several limitations and red tape as they rebuild,” stated Shaheen. “Entrepreneurs across New Hampshire are entitled to timely accessibility to the reduction they require to get well. I’m thrilled my bipartisan, commonsense invoice has been signed into regulation and will now support address these bureaucratic hurdles so rural company homeowners can obtain the emergency means they have earned.”

The textual content of the invoice can be study in this article.

As a senior member of the Senate Committee on Tiny Business and Entrepreneurship and as a previous small business owner, Senator Shaheen is a fierce advocate for New Hampshire’s modest business community. In the course of the peak of the COVID-19 pandemic, Shaheen went to bat for tiny organization owners who were amongst the most severely impacted by the general public wellness crisis. She worked to provide little businesses with the methods they required to weather conditions and recover from the economic impression of the COVID-19 pandemic, leading negotiations on provisions in the Coronavirus Assist, Aid and Economic Protection (CARES) Act, which set up the Paycheck Defense Program (PPP) and expanded the Economic Harm Catastrophe Bank loan Program, both of which have been lifelines for organizations during New Hampshire and the state. A short while ago, President Biden signed into law a Shaheen-led invoice to call for the SBA to build a centralized web-site that houses compliance guides pertaining to federal regulations impacting little corporations.


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