H.R. 4876 · 113th Congress
Emerging Business Encouragement Act of 2014
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Never voted on. It didn't reach a floor vote before the 113th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
CarsonSponsor7 cosponsors · 7 D
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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…
What it does: CRS summary · Introduced in House · Jun 17, 2014
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Emerging Business Encouragement Act of 2014
Latest action (Jun 17, 2014): Referred to the House Committee on Small Business.
Policy area: Commerce · Origin: House · Introduced: Jun 17, 2014
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.