H.R.8416

Prison to Proprietorship for the Formerly Incarcerated Act

Introduced·4/21/26

Provides entrepreneurship counseling and training services for formerly incarcerated individuals to help them start or expand a small business.

The Prison to Proprietorship for the Formerly Incarcerated Act amends the Small Business Act to mandate the Service Corps of Retired Executives to offer entrepreneurship counseling and training services to formerly incarcerated individuals. These services include mentoring, workshops, instructional videos, and assistance in identifying business opportunities and sources of capital. The Act also requires the collection of data on the number of individuals mentored, hours of mentorship, demographics of recipients, and satisfaction surveys.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Small Business Committee
Next
Committee decision

Sponsors

1
1
Democratic CaucusRepublican Caucus

History

Apr 21

House

Introduced in House

Apr 21

House

Referred to the House Committee on Small Business.