To amend section 8(a) of the Small Business Act to require the Administrator of the Small Business Administration to regularly reassess the asset and net worth thresholds for qualifying as an economically disadvantaged individual, and for other purposes.
Encouraging Success Act
This bill requires the Small Business Administration to periodically revise, based on economic changes, the maximum total assets and net worth an individual may have to qualify as an economically disadvantaged individual under the 8(a) Business Development program.
Introduced in House
Introduced in House
Referred to the House Committee on Small Business.
Committee Consideration and Mark-up Session Held
Ordered to be Reported in the Nature of a Substitute by Voice Vote.
Reported (Amended) by the Committee on Small Business. H. Rept. 118-379.
Reported (Amended) by the Committee on Small Business. H. Rept. 118-379.
Placed on the Union Calendar, Calendar No. 310.
Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H725-726)
DEBATE - The House proceeded with forty minutes of debate on H.R. 6591.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H725)
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H725)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
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