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Encouraging Success Act
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.
Read the Full Bill
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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
2Democrat Cosponsors
1Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 6591
Primary Policy Focus
CommercePotential 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
Encouraging Success Act
Encouraging Success Act
Comments
Sponsors and Cosponsors of HR 6591
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