An Act 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.
About This Bill
Passed
Latest Action · February 29, 2024
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
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.
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