To amend the Small Business Act to provide for contracting preferences and other benefits for emerging business enterprises, and for other purposes.
Emerging Business Encouragement Act of 2018
This bill directs the Small Business Administration (SBA) to establish criteria and procedures for small businesses to be designated as emerging business enterprises. The bill provides for various benefits to such enterprises, such as by authorizing the SBA to waive various loan fees, and requires federal agencies to award at least 3% of contracts in each fiscal year to such enterprises.
Introduced in House
Introduced in House
Referred to the House Committee on Small Business.
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