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Unifying Small Business Terminology Act of 2016

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

Bipartisan Support of Bill HR 4325

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 4325

Primary Policy Focus

Commerce

Potential Impact Areas

- Public contracts and procurement
- Small business

Alternate Title(s) of Bill HR 4325

Unifying Small Business Terminology Act of 2016
To amend the Small Business Act to modify the anticipated value of certain contracts reserved exclusively for small business concerns.
Unifying Small Business Terminology Act of 2016
Unifying Small Business Terminology Act of 2016

Comments

Sponsors and Cosponsors of HR 4325

Nydia M. Velázquez
Nydia M. Velázquez
New YorkDemocrat

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