SCORE for Small Business Act of 2023

The SCORE for Small Business Act of 2023 amends the Small Business Act to establish new requirements for the SCORE program, which provides free business counseling and mentoring to small business owners through a network of retired executives. The bill creates a formal cooperative agreement between the Small Business Administration and the SCORE Association, requiring specific financial oversight, detailed annual reporting on program effectiveness, and new standards for online services. It authorizes $18 million annually for the program (2024-2025) and mandates reporting on client demographics, program outcomes, and financial management. The bill directly affects the SCORE Association, the Small Business Administration, and small business owners who receive counseling services through the program.