[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 2483 Introduced in Senate (IS)]

103d CONGRESS
  2d Session
                                S. 2483

        To amend the Small Business Act, and for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

           September 30 (legislative day, September 12), 1994

 Mrs. Hutchison (for herself and Mr. Heflin) introduced the following 
   bill; which was read twice and referred to the Committee on Small 
                                Business

_______________________________________________________________________

                                 A BILL


 
        To amend the Small Business Act, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Minority Small Business Preservation 
Act of 1994''.

SEC. 2. SUSPENSION OF DEVELOPMENT PROGRAM GRADUATIONS.

    Section 7(j)(10)(C) of the Small Business Act (15 U.S.C. 
636(j)(10)(C)) is amended--
            (1) by redesignating clause (ii) as clause (iii); and
            (2) by inserting after clause (i) the following new clause:
                            ``(ii) A small business concern that, as of 
                        October 1, 1993, is participating in any 
                        program or activity conducted under this 
                        paragraph or is eligible for the award of 
                        contracts pursuant to section 8(a), shall be 
                        permitted continued participation in such 
                        program or activity and continued eligibility 
                        under section 8(a), until the later of--
                                    ``(I) 365 days after the date on 
                                which final regulations are issued to 
                                implement a law establishing 
                                appropriate terms for participation in 
                                the Program by industry sector, based 
                                on the study conducted pursuant to 
                                section 10(i); or
                                    ``(II) the date on which such 
                                participation and eligibility would 
                                otherwise expire under this 
                                subsection.''.
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