US Congress House Bill 4876 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on June 17 2014 - 25% progression, died in committee
Action: 2014-06-17 - Referred to the House Committee on Small Business.
Pending: House Small Business Committee
Text: Latest bill text (Introduced) [PDF]

Emerging Business Encouragement Act of 2014 - Amends the Small Business Act to direct the Administrator of the Small Business Administration (SBA), for each industry category for which the Administrator established a size standard, to establish procedures, by rule, for designating a small business in that industry category as an emerging business enterprise (EBE). Requires the procedures to include specified criteria and a process for appealing the Administrator's decisions on designations. Requires the designation to expire when the small business is no longer in compliance with the criteria, except that: in the case of an EBE which existed as a business entity before its EBE designation, the designation shall not expire until five years after it was made; and if the EBE exceeds the required size limitation its designation shall expire only if the size is 50% or more of the maximum size of a small business within that industry category. Directs the Administrator to establish criteria for designation of an EBE, including: a maximum number of employees determined according to a certain formula, an age of not more than five years, and a specified salary limitation for any individual who owns any part of the small business or who is in a management position. Requires the head of each federal agency to establish goals for participation by the designated EBEs in at least 5% of all contracts, including prime contracts and subcontracts, for each fiscal year. Authorizes the Administrator to make a loan to a designated EBE under the SBA Express Loan Program, but only in accordance with specified terms. Requires the Administrator, by rule, to establish a process for initial self-certification of EBEs for purposes of participation in federal contracts and eligibility for the Express Loans.

Emerging Business Encouragement Act of 2014

Rep. Andre Carson [D-IN]	Rep. Madeleine Bordallo [D-GU]	Rep. Corrine Brown [D-FL]	Rep. John Conyers [D-MI]
Rep. Donna Edwards [D-MD]	Rep. William Enyart [D-IL]	Rep. Eleanor Norton [D-DC]	Rep. Gregorio Sablan [D-MP]

Date	Chamber	Action
2014-06-17	House	Referred to the House Committee on Small Business.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/4876/all-info
Text	https://www.congress.gov/113/bills/hr4876/BILLS-113hr4876ih.pdf