Unifying Small Business Terminology Act of 2016

House Bill 4325 - Unifying Small Business Terminology Act of 2016: Overview, Status, and Impact

Hozzl · 2023-01-11T13:31:41Z

Explore the details of House Bill 4325 Unifying Small Business Terminology Act of 2016 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

1/11/2023, 1:31 PM

Congressional Summary of HR 4325

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Unifying Small Business Terminology Act of 2016

(Sec. 2) This bill amends the Small Business Act to revise the range of the anticipated value of federal procurement contracts that must be reserved exclusively for small businesses.

The range shall be between the micro-purchase threshold ($3,000) and the simplified acquisition threshold ($100,000). (Currently the range of the anticipated value must be between $2,500 and $100,000.)

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Current Status of Bill HR 4325

Bill HR 4325 is currently in the status of Bill Introduced since January 6, 2016. Bill HR 4325 was introduced during Congress 114 and was introduced to the House on January 6, 2016. Bill HR 4325's most recent activity was Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. as of April 20, 2016