Use of authorized entrepreneurial development programs

(a) In general The Small Business Act (15 U.S.C. 631 et seq.) is amended— (1) by redesignating section 49 as section 50; and (2) by inserting after section 48 the following new section: 49. Use of authorized entrepreneurial development programs (a) Expanded support for entrepreneurs (1) In general Notwithstanding any other provision of law and except as provided in subsection (c), the Administrator— (A) shall only deliver covered activities through a program of the Administration that was established before the date of the enactment of this section; and (B) may not establish a program after the date of the enactment of this section to provide covered activities without explicit authority provided by an Act of Congress. (2) Notification The Administrator shall notify Congress before providing any covered activities described in paragraph (1)(A). (b) Annual report The Administrator shall include in the annual report required under section 10(a) the following information: (1) A list of all covered activities undertaken through a program of the Administration during the fiscal year preceding the date of the report, including— (A) a description and operating details for each such program and the covered activities conducted under each such program; (B) operating circulars, manuals, notices of awards, notices of funding opportunities, and standard operating procedures for each such program and the covered activities conducted under each such program; (C) a description of the process used to provide awards for covered activities conducted under each such program; (D) the total amount of funding obligated for each such program and the covered activities conducted under each such program for the fiscal year preceding the date of the report; and (E) the names and titles of the individuals responsible for carrying out each such program. (2) A list of each recipient of an award under a program of the Administration during the fiscal year preceding the date of the report that includes the amount of such award. (c) Exception This section does not apply to covered activities to assist small business concerns owned by an Indian tribe (as such term is defined in section 8(a)(13)). (d) Covered activity defined In this section, the term covered activity means entrepreneurial development services, entrepreneurial education, or support for the development and maintenance of the Regional Innovation Clusters Program (or similar business training services).. (b) Applicability Subsection (b) of section 49 of the Small Business Act, as added by this section, shall apply with respect to the first annual report required under section 10(a) of such Act (15 U.S.C. 639(a)) after October 1, 2026.