3.0.0 4818 2023-01-11T13:16:25Z 2023-01-11T13:16:25Z House H HR 2010-03-10 111 hssm00 Small Business Committee House Standing hssm23 Contracting and Infrastructure Subcommittee Referred to 2010-03-24T15:11:30Z Referred to 2010-03-10T15:03:50Z 2010-03-24 hssm23 Contracting and Infrastructure Subcommittee 1 House committee actions Referred to the Subcommittee on Contracting and Technology . Committee 2010-03-10 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2010-03-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2010-03-10 Introduced in House IntroReferral 1000 9 Library of Congress R000581 Rep. Richardson, Laura [D-CA-37] Laura Richardson D CA 37 N B001245 Del. Bordallo, Madeleine Z. [D-GU-At Large] Madeleine Bordallo D GU Z. 0 2010-03-10 True J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2010-03-10 True R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2010-04-14 False N000179 Rep. Napolitano, Grace F. [D-CA-38] GRACE NAPOLITANO D CA F. 38 2010-05-25 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2010-05-27 False Commerce Business investment and capital Minority and disadvantaged businesses Small business Commerce 00 2010-03-10 Introduced in House 2010-04-06T19:11:00Z Small Business Reform Act of 2010 or Not Too Small to Succeed in Business Act of 2010 - Amends the Small Business Act to extend from: (1) 9 to 11 years the period that a small business may receive developmental assistance under the Minority Small Business and Capital Ownership Development Program (Program); and (2) five to seven years the period that such a small business may spend in the Program's transitional stage. Allows small businesses that previously completed the 9-year period, above, and whose current net worth exceeds $750,000 but is less than $2.25 million to participate for an additional two years.

Sets net worth limits for individual Program participants at: (1) $750,000, for Program admission; (2) $2.25 million, for continued Program participation after admission; and (3) $500,000 adjusted gross income, for Program admission and continued eligibility.

Provides that, if the Administrator of the Small Business Administration (SBA) graduated a small business from the Program prior to the date of enactment of this Act on the basis that the small business did not meet standards relating to economic disadvantage and the small business now meets such standards, the small business may participate in the Program for 11 years less any period of previous participation.

]]> Not Too Small to Succeed in Business Act of 2010 Display Title Not Too Small to Succeed in Business Act of 2010 Official Title as Introduced To amend the Small Business Act to improve the program under section 8(a), and for other purposes. Introduced in House IH Short Titles as Introduced Not Too Small to Succeed in Business Act of 2010 Short Titles as Introduced Small Business Reform Act of 2010 Introduced in House 2010-03-10T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr4818ih/xml/BILLS-111hr4818ih.xml 2010-03-24 Referred to the Subcommittee on Contracting and Technology . 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.