Search Results for keywords:"small business act amendment"

Search Results: keywords:"small business act amendment"

H. R. 7242 — To amend the Small Business Act to increase the maximum gross loan amount for a loan made under section 7(a) of such Act.
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February 05, 2024
Status:Introduced in House
Congress:118
Words:183
H.R. 7242 seeks to amend the Small Business Act to increase the maximum amount that can be borrowed under the 7(a) loan program. It proposes to raise this limit from $5 million to $10 million. The purpose of the bill is to provide greater financial support to small businesses...
Simple Explanation
H.R. 7242 is a plan to let small businesses borrow more money, up to $10 million instead of $5 million, which is meant to help them grow or fix problems, but people are worried it might lead to waste or not be fair to everyone.
H. R. 10247 — To amend the Small Business Act to enhance the Office of Credit Risk Management, to require the Administrator of the Small Business Administration to issue rules relating to environmental obligations of certified development companies, and for other purposes.
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November 21, 2024
Status:Introduced in House
Congress:118
Words:1,820
H.R. 10247 aims to amend the Small Business Act to improve the Office of Credit Risk Management's oversight and enforcement capabilities regarding certified development companies involved in the 504 loan program. It imposes duties like conducting random file reviews,...
Simple Explanation
H.R. 10247 is about making sure small business helpers follow rules by checking what they do and making them pay a bit of money if they don't. It also wants to make sure these helpers think about the environment when they work.
H. R. 8014 — To require the Administrator of the Small Business Administration to issue rules for cancelled covered solicitations, to amend the Small Business Act to provide assistance to small business concerns relating to certain cancelled solicitations, and for other purposes.
June 04, 2024
Status:Reported in House
Congress:118
Words:752
H. R. 8014 is a bill that aims to help small businesses by requiring the Small Business Administration (SBA) to set rules for instances when government solicitations, which small businesses were eligible to bid on, are canceled. The bill mandates that the SBA provide...
Simple Explanation
H.R. 8014 is a bill that wants the Small Business Administration (SBA) to make clear rules when a government job offer is canceled so small businesses can know why it happened and find new opportunities. It doesn't add new money but tries to be fair and help them get other chances.
S. 3528 — To amend the Small Business Act to establish the position of Coordinator for Disabled Small Business Concerns within the Office of Diversity, Inclusion and Civil Rights of the Small Business Administration, and for other purposes.
December 14, 2023
Status:Introduced in Senate
Congress:118
Words:1,022
The bill S. 3528, titled the “Supporting Disabled Entrepreneurs Act,” aims to amend the Small Business Act by creating a new position called the Coordinator for Disabled Small Business Concerns within the Small Business Administration's Office of Diversity, Inclusion and...
Simple Explanation
The bill wants to help people with disabilities who own small businesses by creating a new job at the Small Business Administration. This job will focus on finding ways to support these business owners better through things like money, contracts, and advice.
H. R. 7104 — To require the National Small Business Development Center Advisory Board to submit an annual report on the activities of the Board and other information, and for other purposes.
January 29, 2024
Status:Introduced in House
Congress:118
Words:332
H. R. 7104 requires the National Small Business Development Center Advisory Board to submit an annual report detailing its activities and offering recommendations to improve the small business development center program. The report will be submitted to various committees in...
Simple Explanation
The bill, H. R. 7104, wants a group that helps small businesses to tell the government what they did every year and share ideas to make things better, but it won't use extra money to do this.
S. 3971 — To amend the Small Business Act to require reporting on additional information with respect to small business concerns owned and controlled by women, qualified HUBZone small business concerns, and small business concerns owned and controlled by veterans, and for other purposes.
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May 23, 2024
Status:Reported to Senate
Congress:118
Words:3,289
S. 3971 aims to amend the Small Business Act to enhance reporting requirements regarding small businesses owned by women, qualified HUBZone businesses, and those owned by service-disabled veterans. The bill requires annual reports to Congress detailing the number of these...
Simple Explanation
The bill wants the government to keep better track of how many small businesses owned by women, veterans, and those in special areas get contracts. It asks for detailed reports every year but doesn't give any extra money to do this, meaning they'll have to use what they already have to make it work.

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