Small Business Committee Passes 8 Bipartisan Bills
WASHINGTON – Today, the House Committee on Small Business held a markup of legislation to amend the Small Business Act and the Small Business Investment Act. All eight bills passed through Committee on bipartisan votes.
“Once again the Small Business Committee has shown we can work together in a bipartisan manner to create real, common-sense legislation to help our nation’s small businesses. I’m proud of all the work our Committee members have put into these bills, especially listening to the needs of our small businesses and acting on those needs,” said Chairman Steve Chabot (R-OH).
H.R. 6348, “Small Business Access to Capital and Efficiency Act” – introduced by Rep. Curtis (R-UT) and Rep. Dwight Evans (D-PA)
H.R. 6348 reduces burdens and conflicting regulations for small businesses by updating the Small Business Administration’s 504/Certified Development Company Loan Program’s commercial real estate appraisal threshold.
H.R. 6347, “7(a) Real Estate Harmonization Act” – introduced by Rep. Dwight Evans (D-PA) and Rep. John Curtis (R-UT)
H.R. 6347 updates SBA’s 7(a) Loan Program’s commercial real estate appraisal threshold.
H.R. 6330, “Small Business Runway Extension Act of 2018” – introduced by Rep. Steve Knight (R-CA) and Rep. Yvette Clarke (D-NY)
H.R. 6330 modifies SBA’s size calculation to provide small businesses with more time to be considered “small” for the purposes of SBA’s small business programs.
H.R. 6369, “Expanding Contracting Opportunities for Small Businesses Act of 2018” – introduced by Rep. Roger Marshall (R-KS) and Rep. Brad Schneider (D-IL)
H.R. 6369 increases the size of sole source contract awards for women owned service-disabled veteran-owned, and HUBZone small businesses, and implements a new eligibility determination process to ensure sole source awards are made to eligible firms.
H.R. 6367, “Incentivizing Fairness in Subcontracting Act of 2018” – introduced by Rep. Al Lawson (D-FL) and Rep. Trent Kelly (R-MS)
H.R. 6367 provides incentives for large prime contractors to subcontract to small businesses, requires prime contractors to keep records of subcontracting credit claimed at lower tiers, and creates a new dispute process for small subcontractors to bring nonpayment issues to the agency’s small business advocate.
H.R. 6382, “Clarity on Small Business Participation in Category Management Act of 2018” – introduced by Rep. Alma Adams (D- NC) and Chairman Steve Chabot (R-OH)
H.R. 6382 requires the SBA to report federal spending made through designated “best-in-class” vehicles, and to report on the dollars spent through these vehicles awarded to small businesses.
H.R. 6316, “Small Business Advocacy Improvements Act of 2018” – Introduced by Rep. James Comer (R-KY) and Rep. Alma Adams (D-NC)
H.R. 6316 allows the SBA Office of Advocacy to examine the role of small business in international economies and to represent small business views before foreign governments and international entities.
H.R. 6368, “Encouraging Small Business Innovators Act” – introduced by Rep. Adriano Espaillat (D-NY) and Rep. Ralph Norman (R-SC)
H.R. 6368 makes a series of changes to the Small Business Innovation Research and Small Business Technology Transfer programs, making them easier for small firms to use.
To watch the full committee markup click here.