Native American Entrepreneurial Opportunity Act

Summary

Creates a new Office of Native American Affairs inside the Small Business Administration led by an Assistant Administrator who coordinates SBA programs and provides culturally tailored help for Indian Tribes and Native Hawaiian Organizations. The Office can give grants, contracts, or other financial assistance to Tribes, Native Hawaiian Organizations, and eligible nonprofits to deliver training, counseling, outreach, supplier events, and help access SBA contracting and capital programs. The Assistant Administrator must report annually to Congress and the Office’s authority sunsets seven years after enactment.

• Creates a new Office of Native American Affairs inside the Small Business Administration to support Tribes and Native Hawaiian Organizations.
• Office is led by an Assistant Administrator with relevant cultural knowledge and experience who reports to the SBA Administrator.
• Authorizes culturally tailored training, counseling, outreach, supplier events, and assistance accessing SBA contracting and capital programs.
• Permits the Office to provide financial assistance (grants, contracts, cooperative agreements, or other) to Tribes, Native Hawaiian Organizations, and qualifying nonprofits to deliver services.
• Requires annual reports to Congress on clients served, consultations conducted, and trainings held.
• Office must coordinate with other SBA and federal officials and recommend annual budgets; actual funding requires appropriation.
• Office authority sunsets seven years after enactment, making it a time-limited program unless renewed by Congress.
• Includes statutory definitions for key terms and places the Office within the SBA’s U.S. Code organizational provisions.
• Does not change tax rules, does not appropriate specific funding amounts, and does not impose unfunded mandates on states or localities.