3.0.0 3754 2019-04-11T15:39:50Z 2019-04-11T15:39:50Z House H HR 2011-12-20 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. RICHARDSON:H.R. 3754.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8, Clause 3 of the UnitedStates Constitution.[Page H10016]]]> hssm00 Small Business Committee House Standing Referred to 2011-12-20T14:04:30Z 2011-12-20 Referred to the House Committee on Small Business. IntroReferral H11100 2 House floor actions hssm00 Small Business Committee 2011-12-20 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-12-20 Introduced in House IntroReferral 1000 9 Library of Congress R000581 Rep. Richardson, Laura [D-CA-37] Laura Richardson D CA 37 N Commerce Business investment and capital Minority and disadvantaged businesses Small business Commerce 00 2011-12-20 Introduced in House 2012-02-10T19:47:16Z Small Business Reform Act of 2011 or Not Too Small to Succeed in Business Act of 2011 - 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) 5 to 7 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 that satisfy net worth requirements applicable to continued eligibility after initial Program admission, 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 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 2011 Short Titles as Introduced Not Too Small to Succeed in Business Act of 2011 Short Titles as Introduced Small Business Reform Act of 2011 Display Title Not Too Small to Succeed in Business Act of 2011 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 2011-12-20T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3754ih/xml/BILLS-112hr3754ih.xml 2011-12-20 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.