Emerging Business Encouragement Act of 2015

Summary

Emerging Business Encouragement Act of 2015 Amends the Small Business Act to direct the Administrator of the Small Business Administration (SBA), for each industry category for which the Administrator established a size standard, to establish procedures, by rule, for designating a small business in that industry category as an emerging business enterprise (EBE). Requires the designation to expire when the small business is no longer in compliance with the criteria, except that: in the case of an EBE which existed as a business entity before its EBE designation, the designation shall not expire until five years after it was made; and if the EBE exceeds the required size limitation its designation shall expire only if the size is 50% or more of the maximum size of a small business within that industry category. Directs the Administrator to establish specified criteria for designation of an EBE. Requires the head of each federal agency to establish goals for participation by the designated EBEs in at least 5% of all contracts, including prime contracts and subcontracts, for each fiscal year. Authorizes the Administrator to make a loan to a designated EBE under the SBA Express Loan Program, but only in accordance with specified terms. Requires the Administrator, by rule, to establish a process for initial self-certification of EBEs for purposes of participation in federal contracts and eligibility for the Express Loans.

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Timeline

1. 5 May 2015

   Introduced

   Referred to the House Committee on Small Business.

   Source: IntroReferral

2. 5 May 2015

   Introduced

   Introduced in House

   Source: IntroReferral

3. 5 May 2015

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 5 May 2015 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 5 May 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 5 May 2015

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 5 May 2015

  Open at official source

Sponsors

• Rep. Carson, André [D-IN-7] · D · Sponsor
• ALCEE HASTINGS · D · Sponsor
• Rep. Brown, Corrine [D-FL-5] · D · Sponsor
• Rep. Watson Coleman, Bonnie [D-NJ-12] · D · Sponsor
• Rep. Edwards, Donna F. [D-MD-4] · D · Cosponsor
• · hssm00 · Standing

Related records

No cross-record relationships stored yet.