H.R. 6591, also known as the "Encouraging Success Act," proposes changes to section 8(a) of the Small Business Act. It mandates that the Administrator of the Small Business Administration regularly review and possibly update the asset and net worth limits used to determine if...
Simple Explanation
The bill is like a rule that asks the boss of a small business group to frequently check if people who need help still qualify based on their money and belongings, making sure the limits are fair and updated over time. It should be done carefully, asking people for their thoughts, without needing extra money for these changes.