H.R. 3754 · 112th Congress
Not Too Small to Succeed in Business Act of 2011
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
RichardsonSponsorNo cosponsors.
Small Business Reform Act of 2011 or Not Too Small to Succeed in Business Act of 2011 - Amends the Small Business Act to extend from: (1) 9 to 11 years the period that a small business may receive developmental assistance under the Minority Small Business and Capital Ownership Development Program (Program), and (2) 5 to 7 years the period that such a small…
What it does: CRS summary · Introduced in House · Dec 20, 2011
Small Business Reform Act of 2011 or Not Too Small to Succeed in Business Act of 2011 - Amends the Small Business Act to extend from: (1) 9 to 11 years the period that a small business may receive developmental assistance under the Minority Small Business and Capital Ownership Development Program (Program), and (2) 5 to 7 years the period that such a small business may spend in the Program's transitional stage. Allows small businesses that previously completed the 9-year period, above, and that satisfy net worth requirements applicable to continued eligibility after initial Program admission, to participate for an additional two years.
Sets net worth limits for individual Program participants at: (1) $750,000, for Program admission; (2) $2.25 million, for continued Program participation after admission; and (3) $500,000 adjusted gross income, for Program admission and continued eligibility.
Provides that, if the Administrator of the Small Business Administration (SBA) graduated a small business from the Program prior to the enactment of this Act on the basis that the small business did not meet standards relating to economic disadvantage and the small business now meets such standards, the small business may participate in the Program for 11 years less any period of previous participation.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Not Too Small to Succeed in Business Act of 2011
Also known as: Small Business Reform Act of 2011
Latest action (Dec 20, 2011): Referred to the House Committee on Small Business.
Policy area: Commerce · Origin: House · Introduced: Dec 20, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.