[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4325 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 4325

  To amend the Small Business Act to modify the anticipated value of 
  certain contracts reserved exclusively for small business concerns.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 6, 2016

Ms. Velazquez introduced the following bill; which was referred to the 
                      Committee on Small Business

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                                 A BILL


 
  To amend the Small Business Act to modify the anticipated value of 
  certain contracts reserved exclusively for small business concerns.

    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 ``Unifying Small Business Terminology 
Act of 2016''.

SEC. 2. MODIFICATION OF THE ANTICIPATED VALUE OF CERTAIN CONTRACTS 
              RESERVED EXCLUSIVELY FOR SMALL BUSINESS CONCERNS.

    (a) In General.--Section 15(j)(1) of the Small Business Act (15 
U.S.C. 644(j)(1)) is amended by striking ``greater than $2,500 but not 
greater than $100,000'' and inserting ``greater than the micro-purchase 
threshold defined in section 1902(a) of title 41, United States Code, 
but not greater than the simplified acquisition threshold''.
    (b) Technical Amendment.--Section 3(m) of the Small Business Act 
(15 U.S.C. 632(m)) is amended to read as follows:
    ``(m) Simplified Acquisition Threshold.--In this Act, the term 
`simplified acquisition threshold' has the meaning given such term in 
section 134 of title 41, United States Code.''.
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