3.0.0 2424 2023-01-11T13:22:48Z 2023-01-11T13:22:48Z House H HR 2011-07-06 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. RUSH:H.R. 2424.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3``The Congress shall have Power ``to regulate Commerce withforeign Nations, and among the several States, and with theIndian Tribes.''[Page H4672]]]> hsba00 Financial Services Committee House Standing hsba19 Domestic Monetary Policy and Technology Subcommittee Referred to 2011-08-22T18:01:50Z Referred to 2011-07-06T18:02:45Z hswm00 Ways and Means Committee House Standing Referred to 2011-07-06T18:03:00Z hsgo00 Oversight and Accountability Committee House Standing Referred to 2011-07-06T18:02:50Z hssm00 Small Business Committee House Standing Referred to 2011-07-06T18:02:40Z Minority Business Development Improvements Act of 2011 112 1902 HR 2011-07-29 Referred to the Subcommittee on Domestic Monetary Policy and Technology. Related bill CRS Expanding Opportunities for Main Street Act of 2011 112 1334 S 2011-07-06 Read twice and referred to the Committee on Finance. Related bill CRS 2011-08-22 hsba19 Domestic Monetary Policy and Technology Subcommittee 1 House committee actions Referred to the Subcommittee on Domestic Monetary Policy and Technology. Committee 2011-07-06 Referred to the Committee on Small Business, and in addition to the Committees on Financial Services, Oversight and Government Reform, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-07-06 Referred to the Committee on Small Business, and in addition to the Committees on Financial Services, Oversight and Government Reform, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsgo00 Oversight and Accountability Committee 2011-07-06 Referred to the Committee on Small Business, and in addition to the Committees on Financial Services, Oversight and Government Reform, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-07-06 Referred to the Committee on Small Business, and in addition to the Committees on Financial Services, Oversight and Government Reform, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2011-07-06 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-07-06 Introduced in House IntroReferral 1000 9 Library of Congress R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 N Commerce Building construction Employment and training programs Government information and archives Government lending and loan guarantees Government liability Income tax credits Infrastructure development Minority and disadvantaged businesses Public contracts and procurement Small business Commerce 00 2011-07-06 Introduced in House 2011-08-19T15:41:34Z Expanding Opportunities for Main Street Act of 2011 - Requires a federal agency, to the extent practicable, to award to a small business concern each acquisition contract of more than $3,000 and less than $500,000 (eligible contract). Authorizes a federal department or agency to award an eligible contract as a sole source contract to a small business if at least one small business submits a contract offer. Requires federal contracting officers to provide a determination of and reasons for not awarding an eligible contract to a small business.

Amends the Small Business Act to prohibit considering an individual having net worth of over $1.5 million as economically disadvantaged for purposes of making certain awards to small businesses owned and controlled by socially and economically disadvantaged individuals under the Minority Small Business and Capital Ownership Development Program of the Small Business Administration (SBA).

Amends the Small Business Investment Act of 1958 to make permanent the increase from $2 million to $5 million in the surety bond guaranty limit of the SBA.

Relieves the SBA from reimbursing the surety if: (1) the surety obtained such guarantee or agreement, or applied for such reimbursement, by fraud or material misrepresentation; (2) the total contract amount at the time of bond execution exceeds $5 million; (3) the surety has breached a material term or condition of such guarantee agreement; or (4) the surety has substantially violated regulations promulgated by the SBA.

Redefines the terms "bundled contracts" and "bundling of contract requirements" for purposes of small business participation in federal procurement contracts. Increases federal small business procurement contracting goals. Requires the withholding of specified contract amounts to contractors who fail to award a specified percentage of its subcontracts to small businesses owned and controlled by socially and economically disadvantaged individuals.

Requires the National Director of the Minority Business Development Agency (MBDA) to establish: (1) the Minority Business Development Program to assist qualified minority businesses with technical assistance, loan guarantees, and contract procurement assistance; and (2) a database to assist prime contractors in identifying historically disadvantaged firms for subcontracting. Authorizes the National Director to: (1) enter into agreements to provide set-aside contracting opportunities to minority businesses, and (2) terminate a minority business from the Program for specified violations.

Directs the Secretary of Labor to establish a minimum percentage of construction work hours to be performed by targeted workers (workers whose families have incomes of no more than 200% of federal poverty guidelines) under contracts for facilities and infrastructure construction and rehabilitation funded directly by or assisted in whole or in part by the federal government in FY2012. Requires the utilization of apprenticeship programs for such workers. Expresses the sense of Congress urging participation in such contracts by socially and economically disadvantaged small businesses.

Amends the Internal Revenue Code to extend through 2013: (1) the new markets tax credit national limitation of $3.5 billion, and (2) empowerment zone designations.

]]> Expanding Opportunities for Main Street Act of 2011 Display Title Expanding Opportunities for Main Street Act of 2011 Official Title as Introduced To amend the Small Business Act to ensure that certain Federal contracts are set aside for small businesses, to enhance services to small businesses that are disadvantaged, and for other purposes. Introduced in House IH Short Titles as Introduced Expanding Opportunities for Main Street Act of 2011 Introduced in House 2011-07-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2424ih/xml/BILLS-112hr2424ih.xml 2011-08-22 Referred to the Subcommittee on Domestic Monetary Policy 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.