SOAR Act

Read twice and referred to the Committee on Small Business and Entrepreneurship.

Congressional Research Service

Official summary

Version 00 · Introduced in Senate · Sep 17, 2014

Startup Opportunity Accelerator Act of 2014 or the SOAR Act - Amends the Small Business Act to require the Administrator of the Small Business Administration (SBA) to develop a program to award cash prizes of up to $50,000 to organizations in the United States whose primary purpose is to support new small businesses that have been in operation for five years or less.

Authorizes the use of a prize for construction costs, space acquisition, and programmatic purposes. Prohibits its use for capital or professional services to new small businesses.

Requires a prize recipient to provide assistance to at least 10 new small businesses per year.

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People & committees

Who introduced it

Sen. Booker, Cory A. [D-NJ] · D–NJ

Committees

Small Business and Entrepreneurship Committee

0 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

Sep 17, 2014
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Sep 17, 2014
Sponsor introductory remarks on measure. (CR S5700-5701)
Sep 17, 2014
Introduced in Senate

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in Senate · Sep 17, 2014 Formatted Text PDF Formatted XML

Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Sep 8, 2026. Consult Congress.gov for the current record.

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Neutral evidence review

Objective

Analyze S.2850 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss S.2850, 113th Congress: SOAR Act

Official record: https://www.congress.gov/bill/113th-congress/senate-bill/2850

Text version to examine: Introduced in Senate · 2014-09-17.

Official full text: https://www.congress.gov/113/bills/s2850/BILLS-113s2850is.htm

Imported record last updated by the source: 2026-09-08T18:08:35Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze S.2850 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine S.2850 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Discuss S.2850, 113th Congress: SOAR Act

Official record: https://www.congress.gov/bill/113th-congress/senate-bill/2850

Text version to examine: Introduced in Senate · 2014-09-17.

Official full text: https://www.congress.gov/113/bills/s2850/BILLS-113s2850is.htm

Imported record last updated by the source: 2026-09-08T18:08:35Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.2850 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine S.2850 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Discuss S.2850, 113th Congress: SOAR Act

Official record: https://www.congress.gov/bill/113th-congress/senate-bill/2850

Text version to examine: Introduced in Senate · 2014-09-17.

Official full text: https://www.congress.gov/113/bills/s2850/BILLS-113s2850is.htm

Imported record last updated by the source: 2026-09-08T18:08:35Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.2850 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine S.2850 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss S.2850, 113th Congress: SOAR Act

Official record: https://www.congress.gov/bill/113th-congress/senate-bill/2850

Text version to examine: Introduced in Senate · 2014-09-17.

Official full text: https://www.congress.gov/113/bills/s2850/BILLS-113s2850is.htm

Imported record last updated by the source: 2026-09-08T18:08:35Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine S.2850 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.