To amend the Small Business Act to change the net worth amount under the small business program for socially and economically disadvantaged individuals from $750,000 to $978,722, and for other purposes.

Amends the Small Business Act to consider an individual with a net worth of less than $978,722 as eligible for participation in a Small Business Administration (SBA) program providing grants to small businesses owned and controlled by socially and economically disadvantaged individuals.

Requires such amount to be adjusted annually for inflation.