Business Opportunity Development Reform Act of 1988

Summary

Amends the Small Business Act to limit participation in the Small Business Administration's (SBA) small business and capital ownership development program. (Participation shall be conditioned upon the business concern meeting specified criteria of competitiveness.) Provides additional assistance (including special contracts and training grants) for business concerns deemed to be in the "developmental stage" of program participation. Allows the SBA to purchase developmental investments in business concerns deemed to be in the "transitional stage" of program participation. (Business concerns in the "transitional stage" may also receive the assistance provided business concerns in the "developmental stage.") Establishes within the Treasury a revolving fund to be used by the SBA to purchase such developmental investments. Authorizes appropriations for the fund. Allows the Administrator of the SBA to approve joint venture agreements between program participants and other businesses if such a venture will enhance the participant's progress toward competitive viability and strengthen the free enterprise system. Allows the SBA to award Government procurement contracts under the small business set-aside program based upon a competition between eligible program participants. Provides mainstreaming assistance for business concerns which have graduated from the program. Establishes time limitations for program participation. Sets forth procedures for determining the "fair market price" with respect to the awarding of a Government procurement contract under such Act. Entitles a small business selected by the SBA to perform or negotiate such a contract to receive a written statement detailing the method used to estimate the current fair market price and to protest the use of such method to the Administrator. States that gross receipts and employment attributable to the small business set-aside program shall not be included in determining the size of the business concern for any program or activity conducted under such Act or the Small Business Investment Act of 1958. Sets forth criteria for SBA designation of a small business concern to negotiate a contract requirement under such Act. Prohibits any SBA employee from owning stock, during his or her term of employment and for a period of five years after such employment, in a firm that was certified to receive contracts pursuant to such Act during such person's term of employment. Sets forth other restrictions on the activities of SBA employees. Increases from $50,000 to $300,000 the fine for misrepresenting the status of any concern or person as a "small business concern" or "minority concern." Allows the Committee on Small Business of either House of the Congress to direct the SBA Inspector General to investigate specified SBA programs and activities. Directs the SBA to: (1) conduct meetings with program participants to ascertain the extent of regulations needed to implement this Act; and (2) publish such implementing rules and regulations in the Federal Register. Prohibits any SBA employee from performing any of the principal functions of a Business Opportunity Specialist, a loan officer, or a Business Development Specialist as those functions relate to this Act unless such employee receives specialized training. Describes such training.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 25 March 1987

   Introduced

   Referred to House Committee on Small Business.

   Source: IntroReferral

2. 25 March 1987

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 March 1987

   Introduced

   Introduced in House

   Source: IntroReferral

4. 23 April 1987

   Referred

   Referred to Subcommittee on Procurement, Innovation and Minority Enterprise Development.

   Source: Committee

5. 12 May 1987

   Committee

   Subcommittee Hearings Held.

   Source: Committee

6. 18 May 1987

   Committee

   Subcommittee Hearings Held.

   Source: Committee

7. 19 May 1987

   Committee

   Subcommittee Hearings Held.

   Source: Committee

8. 20 May 1987

   Committee

   Subcommittee Hearings Held.

   Source: Committee

9. 21 May 1987

   Committee

   Subcommittee Hearings Held.

   Source: Committee

10. 4 June 1987

    Committee

    Subcommittee Hearings Held.

    Source: Committee

11. 28 July 1987

    Committee

    Forwarded by Subcommittee to Full Committee (Amended).

    Source: Committee

12. 28 July 1987

    Committee

    Subcommittee Consideration and Mark-up Session Held.

    Source: Committee

13. 29 September 1987

    Committee

    Committee Hearings Held.

    Source: Committee

14. 9 November 1987

    Reported

    Ordered to be Reported (Amended).

    Source: Committee

15. 9 November 1987

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

16. 25 November 1987

    Calendars

    Placed on Union Calendar No: 291.

    Source: Calendars

17. 25 November 1987

    Reported

    Reported to House (Amended) by House Committee on Small Business. Report No: 100-460.

    Source: Committee

18. 25 November 1987

    Reported

    Reported to House (Amended) by House Committee on Small Business. Report No: 100-460.

    Source: Committee

19. 1 December 1987

    Passed

    Passed House (Amended) by Voice Vote.

    Source: Floor

20. 1 December 1987

    Passed

    Passed/agreed to in House: Passed House (Amended) by Voice Vote.

    Source: Floor

21. 1 December 1987

    Floor

    Called up by House Under Suspension of Rules.

    Source: Floor

22. 4 December 1987

    Introduced

    Received in the Senate and read twice and referred to the Committee on Small Business.

    Source: IntroReferral

23. 2 February 1988

    Committee

    Committee on Small Business. Hearings held.

    Source: Committee

24. 18 February 1988

    Committee

    Committee on Small Business. Hearings held.

    Source: Committee

25. 25 February 1988

    Committee

    Committee on Small Business. Hearings held.

    Source: Committee

26. 17 May 1988

    Reported

    Committee on Small Business. Ordered to be reported without amendment favorably.

    Source: Committee

27. 22 June 1988

    Reported

    Committee on Small Business. Reported to Senate by Senator Bumpers without amendment. Without written report.

    Source: Committee

28. 22 June 1988

    Reported

    Committee on Small Business. Reported to Senate by Senator Bumpers without amendment. Without written report.

    Source: Committee

29. 22 June 1988

    Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 754.

    Source: Calendars

30. 7 July 1988

    ResolvingDifferences

    Senate insists on its amendments, asks for a conference, appoints conferees Bumpers; Levin; Dixon; Kerry; Weicker; Boschwitz; Rudman.

    Source: ResolvingDifferences

31. 7 July 1988

    Floor

    Senate struck all after the Enacting Clause and substituted the language of S. 1993 amended.

    Source: Floor

32. 7 July 1988

    Vote

    Passed/agreed to in Senate: Passed Senate in lieu of S. 1993 with an amendment by Yea-Nay Vote. 92-0. Record Vote No: 227.

    Source: Floor

33. 12 July 1988

    Floor

    Message on Senate action sent to the House.

    Source: Floor

34. 13 July 1988

    Passed

    House Agreed to Request for Conference and Speaker Appointed Conferees: LaFalce, Smith (IA), Mavroules, Skelton, Hayes (IL), Conyers, Torres, McDade, Conte, Broomfield, Gallo, Aspin, McCurdy, Dickinson, Brooks, Kleczka, Horton.

    Source: ResolvingDifferences

35. 13 July 1988

    Passed

    House Disagreed to Senate Amendments by Unanimous Consent.

    Source: ResolvingDifferences

36. 13 July 1988

    Passed

    Resolving differences -- House actions: House Disagreed to Senate Amendments by Unanimous Consent.

    Source: NotUsed

37. 10 August 1988

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

38. 10 August 1988

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

39. 29 September 1988

    ResolvingDifferences

    Conference held.

    Source: ResolvingDifferences

40. 29 September 1988

    ResolvingDifferences

    Conference committee actions: Conference held.

    Source: ResolvingDifferences

41. 30 September 1988

    Passed

    Conferees agreed to file conference report.

    Source: ResolvingDifferences

42. 30 September 1988

    Passed

    Conference committee actions: Conferees agreed to file conference report.

    Source: ResolvingDifferences

43. 7 October 1988

    ResolvingDifferences

    Conference papers: Senate report and managers' statement held at the desk in Senate.

    Source: ResolvingDifferences

44. 7 October 1988

    ResolvingDifferences

    Conference Report 100-1070 Filed in House.

    Source: ResolvingDifferences

45. 7 October 1988

    ResolvingDifferences

    Conference report filed: Conference Report 100-1070 Filed in House.

    Source: ResolvingDifferences

46. 12 October 1988

    ResolvingDifferences

    Conference papers: message on House action held at the desk in Senate.

    Source: ResolvingDifferences

47. 12 October 1988

    Passed

    House Agreed to Conference Report by Voice Vote.

    Source: ResolvingDifferences

48. 12 October 1988

    Passed

    Conference report agreed to in House: House Agreed to Conference Report by Voice Vote.

    Source: ResolvingDifferences

49. 18 October 1988

    Passed

    Conference report agreed to in Senate: Senate agreed to conference report by Voice Vote.

    Source: ResolvingDifferences

50. 18 October 1988

    Passed

    Senate agreed to conference report by Voice Vote.

    Source: ResolvingDifferences

51. 19 October 1988

    Floor

    Message on Senate action sent to the House.

    Source: Floor

52. 2 November 1988

    Floor

    Measure Signed in Senate.

    Source: Floor

53. 3 November 1988

    Floor

    Presented to President.

    Source: Floor

54. 3 November 1988

    President

    Presented to President.

    Source: President

55. 15 November 1988

    Became law

    Became Public Law No: 100-656.

    Source: President

56. 15 November 1988

    President

    Signed by President.

    Source: President

57. 15 November 1988

    Became law

    Signed by President.

    Source: BecameLaw

Votes

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

5 official files

• Public Law (PDF)

  Public Law · EN · 16 November 1988

  ViewDownloadOpen at official source

• Conference report filed in House

  summary · EN · 7 October 1988

  Open at official source

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• Passed Senate amended

  summary · EN · 7 July 1988

  Open at official source

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• Passed House amended

  summary · EN · 1 December 1987

  Open at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 25 March 1987

  Open at official source

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

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Sponsors

• Rep. Mavroules, Nicholas [D-MA-6] · D · Sponsor
• Rep. Hayes, Charles A. [D-IL-1] · D · Sponsor
• Rep. Conyers, John, Jr. [D-MI-13] · D · Sponsor
• Rep. Mfume, Kweisi [D-MD-7] · D · Sponsor
• Rep. Flake, Floyd H. [D-NY-6] · D · Sponsor
• Rep. Eckart, Dennis E. [D-OH-11] · D · Sponsor
• Rep. Savage, Gus [D-IL-2] · D · Sponsor
• Rep. Torres, Esteban Edward [D-CA-34] · D · Sponsor
• Rep. Lancaster, H. Martin [D-NC-3] · D · Sponsor
• Rep. Gonzalez, Henry B. [D-TX-20] · D · Sponsor
• Rep. Matsui, Robert T. [D-CA-5] · D · Cosponsor
• Rep. Hatcher, Charles [D-GA-2] · D · Cosponsor
• Rep. Smith, Lawrence [D-FL-16] · D · Cosponsor
• Rep. Olin, James R. [D-VA-6] · D · Cosponsor
• Rep. Dwyer, Bernard J. [D-NJ-6] · D · Cosponsor
• Rep. DeFazio, Peter A. [D-OR-4] · D · Cosponsor
• Rep. Tallon, Robert M. (Robin) [D-SC-6] · D · Cosponsor
• Rep. Hawkins, Augustus F. [D-CA-29] · D · Cosponsor
• Rep. Leland, Mickey [D-TX-18] · D · Cosponsor
• Rep. Owens, Major R. [D-NY-11] · D · Cosponsor
• Rep. Gray, William H., III [D-PA-2] · D · Cosponsor
• Rep. Martinez, Matthew G. [D-CA-31] · D · Cosponsor
• Rep. Price, David E. [D-NC-4] · D · Cosponsor
• Rep. Conte, Silvio O. [R-MA-1] · R · Cosponsor
• Rep. Gallo, Dean A. [R-NJ-11] · R · Cosponsor
• Rep. Wolpe, Howard E. [D-MI-3] · D · Cosponsor
• Rep. Ford, William D. [D-MI-13] · D · Cosponsor
• Rep. Kildee, Dale E. [D-MI-5] · D · Cosponsor
• Rep. Bilbray, James H. [D-NV-1] · D · Cosponsor
• Rep. Thomas, Lindsay [D-GA-1] · D · Cosponsor
• Rep. Lewis, John [D-GA-5] · D · Cosponsor
• Rep. LaFalce, John J. [D-NY-29] · D · Cosponsor
• Rep. Roemer, Buddy [D-LA-4] · D · Cosponsor
• Rep. Cooper, Jim [D-TN-5] · D · Cosponsor
• Rep. Mazzoli, Romano L. [D-KY-3] · D · Cosponsor
• Rep. Wheat, Alan [D-MO-5] · D · Cosponsor
• Rep. Smith, Neal Edward [D-IA-4] · D · Cosponsor
• · sssb00 · Standing
• · hssm00 · Standing

Related records

• related to ← Minority Business Development Program Reform Act of 1988

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