,,ii  #aagth ,,congress  #ast ,session  
,s4 #bcdh  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #ad1     
#bjba,mr4 ,scott of ,south ,carolina    
7for himself and ,mrs4 ,shaheen7        
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,small ,business and      
,entrepreneurship  ,a ,,bill  ,to       
establish within the ,office of         
,entrepreneurial ,development of the    
,small ,business ,administration a      
training curriculum relating to         
businesses owned by older individuals1  
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,golden-preneurship ,act4  #b4          
,definitions  ,in this ,act-- 7#a7 the  
term ,administrator means the           
,administrator of the ,small ,business  
,administration2  7#b7 the term         
appropriate committees of ,congress     
means-- 7,a7 the ,committee on ,small   
,business and ,entrepreneurship of the  
,senate2  7,b7 the ,special ,committee  

on ,aging of the ,senate2 and  7,c7 the 
,committee on ,small ,business of the   
,house of ,representatives2  7#c7 the   
term eligible entity means an operating 
business that is owned by an older      
individual2  7#d7 the terms ,federal    
agency1 ,small ,business ,innovation    
,research ,program1 and ,small ,business
 ,technology ,transfer ,program have the
 meanings given the terms in section    
#i7;e7 of the ,small ,business ,act 7#ae
 ,u4,s4,c4 #fch7;e772  7#e7 the term    
older individual has the meaning given  
the term in section #ajb of the ,older  
,americans ,act of #aife 7#db ,u4,s4,c4 
#cjjb72  7#f7 the term operating        
business means a small business concern 
that1 as of the date on which the small 
business concern seeks to enroll in the 
,program-- 7,a7 has been in operation   
for not less than #c years2 and  7,b7   
for the most recently completed taxable 
year1 had revenue of not less than      
#aej1jjj2  7#g7 the term ,program means 
the ,golden ,entrepreneurs ,training and

 ,demonstration ,curriculum established 
under section #d2  7#h7 the term        
resource partner means-- 7,a7 a small   
business development center described in
 section #ba of the ,small ,business    
,act 7#ae ,u4,s4,c4 #fdh72  7,b7 the    
,service ,corps of ,retired ,executives 
described in section #h7;b77#a77;,b7 of 
the ,small ,business ,act 7#ae ,u4,s4,c4
 #fcg7;b77#a77;,b772  7,c7 a women's    
business center described in section #bi
 of the ,small ,business ,act 7#ae      
,u4,s4,c4 #fef72 or  7,d7 a ,veteran    
,business ,outreach ,center2  7#i7 the  
term selected entity means an entity    
selected by the ,administrator to carry 
out the ,program1 as described in       
section #d7;a77#c72 and  7#aj7 the term 
small business concern has the meaning  
given the term in section #c7;a7 of the 
,small ,business ,act 7#ae ,u4,s4,c4    
#fcb7;a774  #c4 ,findings  ,congress    
finds the following3 7#a7 ,in #bjah--   
7,a7 #a_/b of all new successful        
entrepreneurs in the ,united ,states    

were older than #de years of age2 and   
7,b7 #c out of #aj entrepreneurs in the 
,united ,states were older than #ej     
years of age1 a #ej percent increase    
since #bjjg4  7#b7 ,as of the date of   
enactment of this ,act1 entrepreneurs   
who are older than #ee years of age     
represent #ee percent of all small      
business employers in the ,united       
,states4  7#c7 ,businesses started by   
older entrepreneurs-- 7,a7 represent    
some of the highest growth businesses in
 the ,united ,states2 and  7,b7 rank    
among the top #j4a percent of startups1 
based on growth in the first #e years of
 business4  #d4 ,golden entrepreneurs   
curriculum  7a7 ,establishment ,there is
 established within the ,office of      
,entrepreneurial ,development of the    
,small ,business ,administration the    
,golden ,entrepreneurs ,training and    
,demonstration ,curriculum-- 7#a7 the   
purpose of which shall be to provide    
eligible entities with tools to         
accelerate the growth of those entities2

  7#b7 which shall be a #baj-;day1      
comprehensive curriculum-- 7,a7 to      
effectuate the purpose described in     
paragraph 7#a72  7,b7 that provides to  
eligible entities the resources         
described in subsection 7b72  7,c7 which
 shall be customizable by an eligible   
entity enrolled in the curriculum2 and  
7,d7 that has the capability for both   
in-person and virtual enrollment and    
participation2  7#c7 that shall be      
carried out by an organization that is  
described in section #eja7;c77#c7 of the
 ,internal ,revenue ,code of #aihf and  
exempt from tax under section #eja7;a7  
of such ,code1 or by a resource partner1
 which the ,administrator shall select  
after submitting a request for proposal 
with respect to that responsibility2 and
  7#d7 that includes specific outreach1 
training1 and engagement directed       
towards eligible entities that are      
located in1 or that serve1 rural areas4 
7b7 ,resources ,under the ,program1 the 
,administrator1 acting through a        

selected entity1 shall provide to       
eligible entities the following3 7#a7   
,resources and training relating to--   
7,a7 technology and digitization of     
business operations2  7,b7 business     
expansion and hiring2  7,c7 estate      
management and retirement strategies2   
and  7,d7 the winding down of business  
operations1 including training relating 
to-- 7i7 the sale of an eligible entity2
  7ii7 the formation or transfer of     
assets to an employee stock ownership   
plan1 as that term is defined in section
 #dige7;e77#g7 of the ,internal ,revenue
 ,code of #aihf2 and  7iii7 the transfer
 of the management functions of an      
eligible entity4  7#b7 ,access to       
capital resources and training4  7#c7   
,mentorship and networking              
opportunities4  7#d7 ,information       
regarding ,federal and ,state government
 contracting opportunities4  7#e7 ,with 
respect to the #b-year period after the 
date on which an eligible entity        
completes the ,program-- 7,a7 the       

establishment of benchmarks for the     
eligible entity with respect to the     
performance and growth of the eligible  
entity2 and  7,b7 feedback with respect 
to the benchmarks established under     
subparagraph 7,a74  7c7 ,locations ,a   
training module under the ,program shall
 be located in-- 7#a7 a district office 
of the ,small ,business ,administration2
  7#b7 a facility provided by a         
nonprofit organization that partners    
with the ,small ,business               
,administration2 or  7#c7 a facility    
provided by a resource partner4  7d7    
,goal ,in carrying out the ,program1 the
 ,administrator1 acting through a       
selected entity1 shall establish the    
goal of providing training to #a1jjj    
eligible entities per year4  7e7 ,rule  
of construction ,nothing in this section
 may be construed to prevent the        
,administrator from selecting multiple  
entities under subsection 7a77#c7 to    
carry out the responsibilities described
 in that provision4  #e4 ,data          

collection  7a7 ,in general ,beginning  
on the date that is #ij days after the  
date of enactment of this ,act1 the     
,administrator1 in consultation with the
 head of any other ,federal agency as   
may be necessary1 shall track the number
 and dollar amount of-- 7#a7 loans and  
grants made to older individuals1 and to
 small business concerns owned by older 
individuals1 under all of the programs  
of the ,small ,business ,administration1
 including under-- 7,a7 section #g7;a7  
of the ,small ,business ,act 7#ae       
,u4,s4,c4 #fcf7;a772  7,b7 section #g7m7
 of the ,small ,business ,act 7#ae      
,u4,s4,c4 #fcf7m772 and  7,c7 title ,v  
of the ,small ,business ,investment ,act
 of #aieh 7#ae ,u4,s4,c4 #fie et seq472 
and  7#b7 awards to small business      
concerns owned by older individuals     
under the ,small ,business ,innovation  
,research ,programs and ,small ,business
 ,technology ,transfer ,programs4  7b7  
,reporting requirement ,not later than  
#a year after the date of enactment of  

this ,act1 and annually thereafter1 the 
,administrator shall submit to the      
appropriate committees of ,congress a   
report regarding the data collected     
under subsection 7a7 for the period     
covered by the report4  7c7             
,continuation of requirements ,the      
requirements under subsections 7a7 and  
7b7 shall continue in effect without    
regard to whether the ,program1 or the  
authorization to carry out the ,program1
 is repealed4  #f4 ,rescission of       
appropriations for community navigator  
pilot program  ,of the unobligated      
balances of amounts appropriated under  
section #ejjd7;b77#b7 of the ,american  
,rescue ,plan ,act of #bjba 7,public    
,law #aag-b7 on the date of enactment of
 this ,act1 #f1jjj1jjj is rescinded4    
#g4 ,authorization of appropriations    
,there are authorized to be appropriated
 to the ,administrator #c1jjj1jjj for   
each of fiscal years #bjbb and #bjbc to 
carry out this ,act4