The House Committee on Small Business Passes 7 Bipartisan Bills
April 18, 2024
Delaney Sexton
Contributing Editor
The House Committee on Small Business Passes 7 Bipartisan Bills
“Today’s markup once again demonstrated that this Committee is committed to working together to meet the needs of small businesses,” says Chairman Williams. “All seven bills passed out of Committee today mark another step towards strengthening small businesses across the country, cutting back the federal bureaucracy, and ensuring that every American has the resources they need to start a small business of their own. Starting a small business has long been central to the American Dream, and the legislation we considered today will ensure that it remains within reach.”
H.R. 7984 – The Rural Small Business Resilience Act
The bill will require the SBA to meet communities where they are when offering assistance following a disaster.
H.R. 5333 – The Investing in All of America Act of 2023
This bill increases the SBIC licensee commitment to account for inflation and provides additional leverage to licensees when investing in smaller enterprises and underserved communities.
H.R. 8014 – The Transparency and Predictability in Small Business Opportunities Act
The bill brings clarity to small business owners when a federal agency cancels a contract solicitation and help them identify similar contracts to bid on.
H.R. 7987 – The Plain Language in Contracting Act
This act will make it easier to understand a federal contract by requiring agencies to write concisely.
H.R. 7988 – The Small Business Procurement and Utilization Reform (SPUR) Act of 2024
The bill will require agencies to factor in small businesses who won a federal contract for the first time when graded on the SBA’s annual procurement Scorecard.
H.R. 7985 – The Entrepreneurs with Disabilities Reporting Act of 2024
This bill requires the SBA to submit a report to Congress on challenges individuals with disabilities face when starting a business and to look at resources across the federal government that help individuals with disabilities.
H.R. 7989 – The ThinkDIFFERENTLY About Disability Employment Act
This bill will require the SBA to enter into a Memorandum of Understands with the National Council on Disability to advise and assist the SBA in their efforts to assist individuals with disabilities.