HR 4253 · 111th Congress · Commerce
To amend the Small Business Act to change the net worth amount under the small business program for socially and economically disadvantaged individuals from $750,000 to $978,722, and for other purposes.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Contracting and Technology .(2009-12-09)
Plain Language Summary
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Amends the Small Business Act to consider an individual with a net worth of less than $978,722 as eligible for participation in a Small Business Administration (SBA) program providing grants to small businesses owned and controlled by socially and economically disadvantaged individuals. Requires such amount to be adjusted annually for inflation.…
Summarized by Claude AI · Non-partisan · For informational purposes only