The bill H.R. 9509, also known as the “Extended Opportunity for Small Disadvantaged Businesses Act,” aims to modify the start date for calculating the eligibility period of small businesses in the 8(a) program. Under the proposed amendment to the Small Business Act, the...
Simple Explanation
The bill wants to change how long small businesses can be part of a special help program by starting the countdown either when they get their first job through the program or after two years of being approved, whichever happens first. This is to make things fairer and clearer for businesses just starting out in the program.