H.R. 6591, titled the "Encouraging Success Act," proposes changes to the Small Business Act by requiring the Small Business Administration (SBA) to regularly reassess the financial criteria for defining "economically disadvantaged individuals." Specifically, the bill mandates...
Simple Explanation
The Encouraging Success Act is a plan to help small businesses owned by people who don't have a lot of money by checking every few years to see if these owners might need more help, like when things get more expensive. It wants to make sure that the rules are fair without spending extra money.