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WASHINGTON – Today, House Committee on Small Business Chairman Steve Chabot (R-OH) released the following statement after the House passed nine bipartisan bills, ranging from legislation making it easier for small businesses to access capital to expanding contracting opportunities.
“I am pleased the House passed these nine common-sense, bipartisan bills to help America’s 30 million small businesses and those they employ. These bills will ensure small businesses’ have access to capital, making it easier for them to thrive and grow. I thank the Committee Members on both sides of the aisle for their hard work and continued bipartisan commitment to putting American entrepreneurs first.”
H.R. 6348, “Small Business Access to Capital and Efficiency (ACE) Act” – introduced by Rep. John 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, HUBZone, and socially and economically disadvantaged 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” – introduced by Rep. Al Lawson (D-FL) and Rep. Trent Kelly (R-MS)
H.R. 6367 allows large prime contractors to take credit for subcontracting to small businesses at lower tiers, provided that prime contractors keep records substantiating 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 (Offices of Small and Disadvantaged Business Utilization).
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.
S. 791, “Small Business Innovation Protection Act of 2017” – introduced by Sen. Gary Peters (D-MI) and Senator James Risch (R-ID)
S. 791 will expand intellectual property education and training for small businesses. It is the Senate companion bill to H.R. 2655, which passed the House in July.
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