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.

Introduced 2009-12-09· Sponsored by Rep. Butterfield, G. K. [D-NC-1]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Contracting and Technology .(2009-12-09)

Plain Language Summary

[AI summary unavailable — showing source text] 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