HR 6591 United States House · 118th Congress

Encouraging Success Act

HR 6591, the Encouraging Success Act, requires the Small Business Administration (SBA) to regularly update the asset and net worth limits for individuals qualifying as "economically disadvantaged" under the SBA's 8(a) business development program. This affects small business owners seeking eligibility for the 8(a) program, which provides federal contracting opportunities. The bill mandates the SBA reassess these thresholds annually after enactment and every four years thereafter, adjusting for inflation and economic changes through a standard rulemaking process with public comment. The SBA must use existing funding to implement these updates without requiring new appropriations.

Tags: Small Business

Bill status passed 3 of 5 stages cleared

Introduction

Dec 2023

Committee Review

Feb 2024

House Passage

Feb 2024

Senate Passage

President

Introduced Dec 5, 2023 Last action Feb 29, 2024

Maddy AI version diff · 1 comparison

What changed between versions

Introduced in House → Engrossed in House · 3 edits · Feb 28, 2024

MINOR

The Engrossed version of HR 6591 makes minor formatting and style changes (converting 'one year' to '1 year', 'four years' to '4 years', adjusting indentation) and removes a sentence in section 2(b) that required the Act to be carried out using amounts otherwise appropriated to the SBA Administrator. The no-new-appropriations language remains, but the specific directive on which existing funds should be used is dropped.

FISCAL

Removed the sentence 'Such Act and the amendments made by this Act shall be carried out using amounts otherwise appropriated to the Administrator of the Small Business Administration.' This eliminates a specific requirement that the SBA use its existing appropriations to carry out the Act, though the no-new-appropriations restriction still applies.

TECHNICAL

Changed 'one year' to '1 year' and 'four years' to '4 years' in section 2(a)(F)(i), and adjusted indentation of subclauses (ii) through (iv).

Changed the heading 'Compliance with CUTGO' to 'Compliance with Cutgo' in section 2(b).

Floor votes

How they voted

This bill passed the House by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Feb 29, 2024

Committee

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.

upper

Feb 28, 2024

Introduced

On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H725)

lower

Feb 28, 2024

Lower · Passed

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H725)

lower

Feb 28, 2024

Introduced

Mr. Williams (TX) moved to suspend the rules and pass the bill, as amended.

lower

Feb 9, 2024

Lower · Passed

Reported (Amended) by the Committee on Small Business. H. Rept. 118-379.

lower

Jan 31, 2024

Lower · Passed

Committee Consideration and Mark-up Session Held

lower

Dec 5, 2023

Committee

Referred to the House Committee on Small Business.

lower

Dec 5, 2023

Introduced

Introduced in House

lower

1 primary · 2 co-sponsors