Encouraging Success Act

Hozzl · 2024-03-18T22:19:49Z

Explore the details of House Bill 6591 Encouraging Success Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

3/18/2024, 10:19 PM

Congressional Summary of HR 6591

Encouraging Success Act

This bill requires the Small Business Administration to periodically revise, based on economic changes, the maximum total assets and net worth an individual may have to qualify as an economically disadvantaged individual under the 8(a) Business Development program.

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Current Status of Bill HR 6591

Bill HR 6591 is currently in the status of Bill Introduced since December 5, 2023. Bill HR 6591 was introduced during Congress 118 and was introduced to the House on December 5, 2023. Bill HR 6591's most recent activity was Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. as of February 29, 2024

Bipartisan Support of Bill HR 6591

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 6591

Primary Policy Focus

Commerce

Potential Impact Areas

- Business investment and capital

- Economic performance and conditions

- Small business

Alternate Title(s) of Bill HR 6591

Encouraging Success Act

To amend section 8(a) of the Small Business Act to require the Administrator of the Small Business Administration to regularly reassess the asset and net worth thresholds for qualifying as an economically disadvantaged individual, and for other purposes.

Encouraging Success Act