A bill to amend the Small Business Act to authorize Federal revenue sharing grants to States to develop model programs to demonstrate the effectiveness of the use of independent State and local small business enterprise centers to provide technical assistance and other useful and practical services to small businesses.

Empowers the Small Business Administration to enter into agreements with States to make model program revenue-sharing grants to such States out of funds appropriated pursuant to this Act for the purpose of developing and establishing State and local centers to provide technical assistance and other useful and practical advice, information and services to small business concerns.

Limits the Federal share in such programs to 50 percent.

Authorizes appropriation of $15,000,000 for fiscal year 1975 and such sums as may be necessary for fiscal years 1976 to 1977 for the purposes of this Act.