118th Congress · HOUSE BILLBILL

H.R. 1538 — Emerging Business Encouragement Act of 2023

“To amend the Small Business Act to provide for contracting preferences and other benefits for emerging business enterprises, and for other purposes.”

Commerce

Introduced Mar 10, 2023

Last action Mar 10, 2023

Pipeline · Bill → Law

Step 1

Introduced

Mar 10, 2023

Step 2

Referred

Mar 10, 2023

Small Business

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill directs the Small Business Administration (SBA) to establish criteria and procedures for small businesses to be designated as emerging business enterprises. The bill provides for various benefits to such enterprises, such as waiving various loan fees and requiring federal agencies to award at least 3% of contracts in each fiscal year to such enterprises.

Provisions · 3 sectionsIntroduced in House

Timeline · 3 actions

Mar 10, 2023

Introduced in House

Mar 10, 2023

Sponsor introductory remarks on measure.

Mar 10, 2023

Referred to the House Committee on Small Business.