What This Bill Does
Why It Matters
Key Facts
- Cost/Budget Impact: The bill is estimated to cost $750,000, likely over a five-year period.
- Timeline for Implementation: Once enacted, NIST would begin developing resources, typically rolling out projects within 1-2 years.
- Number of People Affected: The bill could impact 34,752,434 small businesses, employing 59 million workers.
- Key Dates: Introduced on June 3, 2025, with a House floor vote scheduled for the week of February 23, 2026.
- Unanimous Committee Support: The bill passed the committee unanimously, 35-0.
- Bipartisan Sponsorship: Sponsored by Rep. Mike Collins (R-GA) and cosponsored by Rep. Haley Stevens (D-MI).
- High Likelihood of Passage: Given the unanimous committee support and bipartisan sponsorship, the bill has a high chance of passing in the House.
