H.R. 1611 · 110th Congress
8(a) Modernization Act
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
ReyesSponsor4 cosponsors · 4 D
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
8(a) Modernization Act - Amends the Small Business Act to increase the thresholds for the award by the Small Business Administration (SBA) of government procurement and service contracts and subcontracts to certain small businesses owned by socially and economically disadvantaged individuals from: (1) $5 million to $12 million, in the case of small business…
What it does: CRS summary · Introduced in House · Mar 20, 2007
8(a) Modernization Act - Amends the Small Business Act to increase the thresholds for the award by the Small Business Administration (SBA) of government procurement and service contracts and subcontracts to certain small businesses owned by socially and economically disadvantaged individuals from: (1) $5 million to $12 million, in the case of small business manufacturers; and (2) $3 million to $10 million, in the case of other small businesses.
Requires the SBA Administrator to establish, for each industry classification, a maximum level of net worth for an economically disadvantaged individual (for purposes of eligibility for the contract award program). Prohibits the Administrator from establishing a maximum net worth that prohibits program entry of less than $750,000.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: 8(a) Modernization Act
Latest action (Mar 20, 2007): Referred to the House Committee on Small Business.
Policy area: Commerce · Origin: House · Introduced: Mar 20, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.