3.0.0 2532 2023-01-11T16:17:52Z 2023-01-11T16:17:52Z House H HR 2007-05-24 110 hssm00 Small Business Committee House Standing Referred to 2007-05-24T14:02:10Z 2007-05-24 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2007-05-24 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-05-24 Introduced in House IntroReferral 1000 9 Library of Congress M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 N B001252 Rep. Barrow, John [D-GA-12] John Barrow D GA 12 2007-05-24 True Commerce Business education Competitive bidding Crime and Law Enforcement Fines (Penalties) Fraud Government Operations and Politics Government contractors Government procurement Law Minorities Minority business enterprises Small business Commerce 00 2007-05-24 Introduced in House 2007-08-31T19:56:53Z Minority-Owned Venture Empowerment Act of 2007 - Directs the Administrator of the Small Business Administration (SBA) to establish a program, to be known as the Pre-8(a) Program, to provide technical assistance to small businesses with respect to the receipt and performance of federal procurement contracts. Prohibits a participating small business from being awarded a contract under the Program which is awarded using procedures other than competitive procedures under section 8(a) of the Small Business Act (wherein the SBA provides for the performance of federal procurement contracts by small, disadvantaged, and minority-owned businesses). Limits to $750,000 the maximum net worth of a small business Program participant.

Modifies the 8(a) program under the Small Business Act to require small businesses to complete the Pre-8(a) Program before participating in the 8(a) program. Limits to $100 million the aggregate value of contracts an 8(a) participant may enter into. Requires the Administrator, for the 8(a) program, to establish for each industry classification a maximum level of net worth for an economically disadvantaged individual, but prohibits establishing a net worth of less than $750,000. Makes some small businesses eligible for 8(a) participation in a contract using other than competitive procedures (restricted competition), under certain circumstances.

Allows a contracting officer, under specified conditions, to utilize restricted competition in the award of federal procurement contracts for small businesses owned and controlled by socially and economically disadvantaged individuals.

]]> Minority-Owned Venture Empowerment Act of 2007 Display Title Minority-Owned Venture Empowerment Act of 2007 Official Title as Introduced To enhance the section 8(a) program of the Small Business Act. Introduced in House IH Short Titles as Introduced Minority-Owned Venture Empowerment Act of 2007 Introduced in House 2007-05-24T04:00:00Z 2007-05-24 Referred to the House Committee on Small Business. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.