SMALL BUSINESS LEGISLATION

Introduced in the 114th Congress, 2nd Session

H.R. 5698 – SBA Incubator and Accelerator grant program for Veterans and Members of the Armed Forces

Sponsor: Rep. Jerry McNerney (D-CA)

Text of this bill has not yet been published

Status: Introduced July 8, 2016

 

H.R. 5672 -  State Small Business Credit Initiative Reauthorization

Sponsor: Rep. Dan Kildee (D-MI)

Text of this bill has not yet been published.

Status: Introduced July 7, 2016. 


S. 3060- Small Business Health Care Relief Act of 2016

Sponsor: Sen. Chuck Grassley (R-IA)

Establishes a safe harbor from Affordable Care Act (ACA) requirements to offer Health Reimbursement Arrangements (HRA) for businesses with less than 50 employees. Senate companion to H.R. 5447

Status: Introduced on June 15.

 

H.R. 5447– Small Business Health Care Relief Act

Sponsor: Rep. Charles Boustany (R-LA)

Establishes a safe harbor from Affordable Care Act (ACA) requirements to offer Health Reimbursement Arrangements (HRA) for businesses with less than 50 employees.

Status: Approved by the House Ways and Means Committee on June 15. 

 

S. 3024 – Small Business Cyber Security Improvements Act of 2016

Sponsor: Sen. David Vitter (R-LA)

Requires that Small Business Development Centers (SBDCs) coordinate with other Federal agencies to help small businesses in developing or enhancing cyber security infrastructure, cyber threat awareness, and cyber training programs for employees.

Status: Passed Committee Markup June 8. 

 

S. 3009 – The National Guard and Reserve Entrepreneurship Support Act of 2016

Sponsor: Sen. Jeanne Shaheen (D-NH)

Establishes the National Guard and Reserve Deployment Support and Business Training Program, to provide training, counseling and other assistance to support current and former members of the Armed Forces reserves, National Guard, and their spouses.

Status: Introduced on May 26. 

 

S. 2992 –  The Small Business Lending Oversight Act of 2016

Sponsor: Sen. David Vitter (R-LA)

Requires the SBA to conduct additional oversight, including assessing monetary penalties, of 7(a) Program lenders that fail to maintain accurate documentation, improperly sell guaranteed portions of loans, or collect unauthorized fees from borrowers. 

Status: Passed Committee Markup June 8. 

 

S. 2867 – The SEC Small Business Advocate Act of 2016

Sponsor: Sen. Heidi Heitkamp (D-ND)

Establishes the Office of the Advocate for Small Business Capital Formation and a Small Business Capital Formation Advisory Committee at the Securities and Exchange Commission. 

Status: Passed Committee Markup June 8. 

 

S. 2850 – The Microloan Program Modernization Act of 2016

Sponsor: Sen. Deb Fischer (R-NE)

Removes the 25/75 rule for technical assistance grants and removes 3rd party contractor limitations.

Status: Approved at May 11 markup. 

 

S. 2847 – The Prove It Act of 2016

Sponsor:  Sen. Joni Ernst (R-IA)

Gives the SBA authority to request a formal review of any proposed rule that its sponsoring agency claims will not have a significant economic impact on small businesses.

Status: Approved at May 11 markup. 

 

S. 2846 – Small Business Innovation Protection Act of 2016 

Sponsor: SenGary Peters (D-MI)

Increases patent and trademark access for small businesses by coordinating outreach efforts between SBA and the US Patent and Trademark Office.

Status: Approved at May 11 markup. 

 

S. 2838 — Small Business Transforming America’s Regions Act of 2016

Sponsor: Sen. David Vitter (R-LA)

This legislation would extend the redesignation period from 3 years to 7 years and allow Governors to petition the SBA Administrator to designate a census tract as a HUBZone. 

Status: Approved at May 11 markup. 

 

S. 2831 – Disaster Area SBIC Bill (UNTITLED)

Sponsor: Sen. David Vitter (R-LA)

Prioritizes Small Business Investment Company (SBIC) licensing in disaster areas

Status: Approved at May 11 markup. 

 

S. 2812 – SBIR/STTR Reauthorization Act of 2016

Sponsor: Sen. Jeanne Shaheen (D-NH)

This legislation will make the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs permanent. Additionally, the bill would increase funds that agencies must dedicate to the programs, make the Commercialization Pilot Program permanent and require annual audits of commercialization goals by GAO. 

Status: Approved at May 11 markup. 

 

H.R. 207 - Developing the Next Generation of Small Businesses Act of 2016

Sponsor: Rep. Steve Chabot (R-OH)

This legislation reauthorizes the Women’s Business Center (WBC) Program at $21.75 million thru FY2020. It would also increase grant awards to $185,000. This bill also reauthorizes the Small Business Development Center(SBDC) Program and the SCORE Program. 

Status: Agreed to by the House Small Business Committee on March 23. 

 

H.R. 4788 – SCORE Program Reauthorization

Sponsor: Rep. Alma Adams (D-NC)

This bill would  strengthen resources for entrepreneurs by improving the SCORE program, and for other purposes.

Status: Introduced on March 17. 

 

H.R. 4783 – Commercializing on Small Business Innovation Act of 2016

Sponsor: Rep. Steve Chabot (R-OH)

This bill reauthorizes and improve the Small Business Innovation Research Program (SBIR) and the Small Business Technology Transfer (STTR) Programs.

Status: Agreed to by the House Small Business Committee on March 23. 

 

H.R. 4855 — The Fix Crowdfunding Act

Sponsor: Rep. Patrick McHenry (R-NC)

Increases the limit that companies can raise through online, equity, crowdfunding from $1 million to $5 million.

Status: Introduced March 23.

 

H.R. 4850 — The Micro Offering Safe Harbor Act

Sponsor: Rep. Tom Emmer (R-MN)

Exempts from registration offerings that are either worth less than $500,000, there are less than 35 purchasers or the purchaser have a “substantive pre-existing relationship” (friends and family) with an officer or director of the issuer.

Status: Introduced March 23. 

 

H.R. 4742 – Promoting Women in Entrepreneurship Act

Sponsor: Rep. Elizabeth Etsy (D-CT)

This bill would require the National Science Foundation to support entrepreneurial programs for women in the STEM fields. 

Status: Introduced on March 15. 

 

S. 2619 - Startup Entrepreneur Empowerment Delivery Act of 2016

Sponsor: Sen. Heidi Heitkamp (D- ND)

Directs the Department of Commerce to carry out a one-year pilot program to assess the feasibility and advisability of awarding financial assistance of up to $120,000, on a competitive basis, to up to 10 local governments to support the development of startup businesses.

Status: Introduced on March 2. 

 

H.R. 4638 – Main Street Growth Act

Sponsor: Rep. Scott Garrett (R-NJ)

This bill would allow early stage growth companies to receive venture capital investments without having to fulfill certain registration requirements with the SEC. 

Status: Reported out of the House Financial Services Committee on March 2.

 

H.R. 4438 – Helping Angels Lead Our Startups Act (HALOS Act)

Sponsor: Rep. Steve Chabot (R-OH)

Allows angel investor groups to hold events designed to let entrepreneurs showcase their work and connect with potential backers. 

Status: Reported out of the House Financial Services Committee on March 2. 

 

H.R. 3784 - SEC Small Business Advocate Act of 2016

Sponsor: Rep. John C. Carney Jr. (D-DE)

Amends the Securities Exchange Act of 1934 to establish an Office of the Advocate for Small Business Capital Formation and a Small Business Capital Formation Advisory Committee, and for other purposes. 

Status: Referred to House Financial Services 2/1/2016.

 

H.R. 4341 - Defending America’s Small Contractors Act of 2016

Sponsor: Rep. Steve Chabot (R-OH). 

The bill would improve clarity for small contractors, clarify the role of small business advocates including commercial market representative (CMRs), create a pilot program for subcontractors to receive a past performance rating, add consistency to Mentor-Protégé programs by requiring all plans to receive approval from SBA, and requires additional data to be reported on small business contracting awards. 

Status: Passed House Small Business Committee on January 13, 2016.  

 

H.R. 4317 - Promoting Reliable Subcontractors Act of 2016

Sponsor: Rep. Richard Hanna (R-NY). 

The bill would establish a pilot program for small businesses performing as first tier subcontractors to request a past performance rating. 

Status: Introduced on 1/5/2015. 

 

H.R. 4322 - Mentor-Protégé Cooperation Reform Act of 2016

Sponsor: Rep. Steve Knight (R-CA). 

This bill would require the Administrator to make no finding of affiliation between a mentor firm and a protégé firm before approving a plan and requires Department of Defense to receive approval from SBA to carry out a Mentor-Protégé program.

Status: Introduced on 1/6/2015. 

 

H.R. 4325 - Unifying Small Business Terminology Act of 2016

Sponsor: Rep. Nydia Velazquez (D-NY). 

This bill creates a uniform definition of contract levels by replacing ‘‘greater than $2,500 but not greater than $100,000’’ with ‘‘greater than the micro-purchase threshold but not greater than the simplified acquisition threshold’’.

Status: Introduced on 1/6/2015.   

 

H.R. 4326 - Small and Disadvantaged Business Enhancement Act of 2016

Sponsor: Rep. Alma Adams (D-NC). 

Expands eligibility for OSDBU to employees with experience in HUBZone and SDVOSB programs and requires OSDBU to review all purchases made greater than the micro-purchase threshold and less than the simplified acquisition threshold.

Status: Introduced on 1/6/2015. 

 

H.R. 4329 - Transparency in Small Business Goaling Act of 2016

Sponsor: Rep. Judy Chu (D-CA). 

Total contract value reported cannot exclude the value of contracts based on where they were awarded or performed, whether the contract is mandated to be performed by an other than small business, whether funding for the contract was made available in an appropriations act or whether the contract is subject to the FAR.

Status: Introduced on 1/6/2015.  

 

H.R. 4330 - Improving Contract Procurement for Small Businesses through More Accurate Reporting Act of 2016

Sponsor: Rep. Yvette Clarke (D-NY). 

Amends agency reporting requirements to include contracts awarded to small business at the time of award but have since been purchased by another entity and contracts awarded to small businesses using a    method that restricted competition

Status: Introduced on 1/6/2015. 

 

H.R. 4331 - Small Business ECCEL Act

Sponsor: Rep. Cresent Hardy (R-NV). 

This bill allows small businesses to receive assistance with post-award compliance with the requirements of a contract or subcontract from OSDBU, DOD & SBA Mentor-Protégé, SBDCs and PCRs. 

Status: Introduced on 1/6/2015.  

 

H.R. 4332 - Maximizing Small Business Competition Act of 2016

Sponsor: Rep. Trent Kelly (R-MS). 

The bill clarifies the duties of procurement center representatives with respect to reviewing solicitations for a contract or task order contract.

Status: Introduced on 1/6/2015.

 

H.R. 4337 - Education for Contracting Personnel Improvement Act of 2016

Sponsor: Rep. Grace Meng (D-NY). 

The bill requires the SBA to provide information on regulatory changes and regulatory compliance training materials to the individual responsible for mandatory training and education of the acquisition workforce of each agency 

Status: Introduced on 1/6/2015. 

 

H.R. 4339 – Improving Small Business Advocacy Act of 2016

Sponsor: Rep. Maxine Waters (D-CA). 

The bill would clarify the responsibilities of Business Opportunity Specialists.

Status: Introduced on 1/6/2015.

 

Introduced in the114th Congress, 1st Session – Awaiting Action 

 

H.R. 4172 – The Credit Access and Inclusion Act 

Sponsor: Rep. Keith Ellison (D-MN)

Provides affirmative permission for non-financial service providers such as telephone, cable, and utility providers to report customers’ on-time payments to credit reporting agencies.

Status: Introduced December 3, 2015. 

 

H.R. 4168 – The Small Business Capital Formation Enhancement Act

Sponsor: Rep. Bruce Poliquin (R-ME)

This bill amends the Small Business Investment Incentive Act of 1980 with respect to the annual government-business forum of the Securities and Exchange Commission (SEC) to review the current status of problems and programs relating to small business capital formation.

Status: Passed the House Financial Services Committee on December 9, 2015. 

 

H.R. 4027 – The Women’s Small Business Ownership Act of 2015

Sponsor: Rep. Suzan DelBene (D-WA)

The Women’s Small Business Ownership Act would re-authorize the Women’s Business Center program at $21.75 million thru FY2020. It would also increase grant maximum awards to $250,000 and make efforts to streamline the program. The Senate version, S.2126, was passed by the Senate Small Business Committee on October 7th. 

Status: Introduced on November 11/17/2015

 

S.2125 – Small Business Lending and Inequality Reduction Act of 2015

Sponsor: Sen. Dianne Feinstein (D-CA)

This Bill Authorizes and makes permanent the Community Advantage Pilot program. Also, it raises the maximum loan amount

Status: Introduced October 1st.

 

H.R. 1355 – The Small Business and Community Investments Expansion Act

Sponsor: Rep. Keith Ellison (D-MN)

This bill would allow Community Development Financial Institutions (CDFIs) to further leverage their existing loan portfolio. This will make more funds available to the CDFI to lend. 

Status: Introduced March 3, 2015.

 

Passed by the Senate Small Business Committee, 1st Session  – Awaiting  Floor Action

 

S.2139 - Small Contractors Improve Competition Act of 2015

Amends the Small Business Act to prohibit the use of reverse auctions for the procurement of certain contracts covered in the Act.

Sponsor: Sen. David Vitter (R-LA)

Status: Passed by the Senate Small Business Committee on Oct. 7. 

 

S.2138  - Small Business Subcontracting Transparency Act of 2015

Amend the Small Business Act to improve the review and acceptance of subcontracting plans. 

Sponsor: Sen. David Vitter (R-LA)

Status: Passed by the Senate Small Business Committee on Oct. 7. 

 

S.2136 -  Improving Small Business Innovative Research and Technologies Act of 2015

Establishes the Regional SBIR State Collaborative Initiative Pilot Program.

Sponsor: Sen. David Vitter (R-LA)

Status: Passed by the Senate Small Business Committee on Oct. 7. 

 

S.2126 – Women’s Small Business Ownership Act of 2015

Sponsor: Sen. Maria Cantwell (D-WA)

The Women’s Small Business Ownership Act would re-authorize the Women’s Business Center program at $21.75 million thru FY2020. It would also increase grant maximum awards to $250,000 and make efforts to streamline the program. 

Status: Passed by the Senate Small Business Committee on Oct. 7. 

 

S. 2116 - Small Business Broadband and Emerging Information Technology Enhancement  Act of 2015

Sponsor: Sen. Jeanne Shaheen

Provides for training at SBA to assist small businesses on how to maximize investment and external reach through broadband, while advising businesses lacking access on locating Wi-Fi access points and financing    for broadband purchase. These resources would be disseminated to SBA district offices, SBDCs, and other entrepreneurship resource partners. Also, it appoints an existing SBA senior staff member to coordinate training and programs relating to broadband and  other new technologies. This coordinator position would also serve as the SBA liaison to the Broadband Opportunity Council, which was created to increase broadband investment and address existing barriers to deployment, affordability and adoption.

Status:  Passed by the Senate Small Business Committee on Oct. 7. 

 

S.1811 – Superstorm Sandy Relief and Disaster Loan Program Improvement Act of 2015

Sponsor: Sen. Robert Menendez

This bill amends the Small Business Act to authorize a small business, homeowner, or renter that was located within a declared major disaster area during Superstorm Sandy in 2012 to apply for a Small Business Administration (SBA) loan to: repair, rehabilitate, or replace property damaged or destroyed because of the storm; or assist a small business that suffered substantial economic injury because of it.

Status: Passed by the Senate Small Business Committee on Oct. 7. 

Note: House version, H.R. 208, passed House on July 13. 

Passed The House Small Business Committee – Awaiting Floor Action

H.R. 2670 - Microloan Modernization Act of 2015

Sponsor: Rep. Seth Moulton (D-MA)

Expands participation in the SBA Microloan Program by increasing the microloan intermediary lending limit to $6 million, permitting an SBA waiver of the 25/75 rule, extending the repayment terms for loans   above $10,000 to a 10 year maximum, and provides an additional ability to offer lines of credit.

Status: Passed the House on July 13.

Note: The Senate version of this bill, S. 1857, was marked up on July 29th. 

 

H.R. 1023 - Small Business Investment Company Capital Act of 2015

Sponsor: Rep. Steve Chabot (R-OH)

Amends the Small Business Investment Act of 1958 to increase the maximum outstanding leverage threshold from $225 million to $350 million. This would be made available by the SBA to two or more commonly controlled small business investment companies that are not under capital impairment. 

Status: Passed the House on July 13. 

 

H.R. 30 -  The Save American Workers Act

Sponsor: Rep. Todd Young (R-IN).

The bill would replace the the 30-hour threshold classification as a full-time employee for purposes of the employer mandate in ACA and replace it with 40 hours.

Status: Passed the House on 1/8/215 on a 252-yeas to 172-nays vote; referred to the Senate Finance Committee on 1/12/15.

 

H.R. 185 - The Regulatory Accountability Act of 2015

Sponsor: Rep. Bob Goodlatte (R-VA).

The bill would require any federal agency to accompany any proposed major rule or high-impact rule (rules with an economic impact of $100 million or $1 billion, respectively) with statements justifying the economic costs and be subject to public comments. 

Status: passed the House on 1/13/2015 on a 250-yeas to 175-nays vote; sent to the Senate Committee on Homeland Security and Governmental Affairs on 1/16/2015.

 

H.R. 527 - The Small Business Regulatory Flexibility Improvements Act

Sponsor: Rep. Steve Chabot (R-OH).

The bill would modernize the Regulatory Flexibility Act of 1980 (RFA), by removing the executive’s waiver and delay authority and would strengthen the Office of the Chief Counsel for Advocacy.

Status: Passed the House on 2/5/15 on a 260-yeas to 160-nays vote and referred to the Senate Committee on Homeland Security and Governmental Affairs on 2/19/15.

 

H.R. 636 - America’s Small Business Tax Relief Act of 2015

Sponsor: Rep. Patrick Tiberi (R-OH).

The bill would make the increased $500,000 expensing allowance, known as Section 179 expensing, for small business property permanent.

Status: Passed the House on 2/13/15 in a 272-yeas to 142-nays vote. A vote in the Senate has not been scheduled. 

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