IB 

Union Calendar No. 310 

118TH CONGRESS 

2D SESSION H. R. 6591 

[Report No. 118–379] 

To amend section 8(a) of the Small Business Act to require the Administrator 

of the Small Business Administration to regularly reassess the asset 

and net worth thresholds for qualifying as an economically disadvantaged 

individual, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

DECEMBER 5, 2023 

Mr. ELLZEY introduced the following bill; which was referred to the 

Committee on Small Business 

FEBRUARY 9, 2024 

Additional sponsors: Mr. MORAN and Mr. THANEDAR

FEBRUARY 9, 2024 

Reported with an amendment, committed to the Committee of the Whole 

House on the State of the Union, and ordered to be printed 

[Strike out all after the enacting clause and insert the part printed in italic] 

[For text of introduced bill, see copy of bill as introduced on December 5, 2023] 


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•HR 6591 RH

A BILL 

To amend section 8(a) of the Small Business Act to require 

the Administrator of the Small Business Administration 

to regularly reassess the asset and net worth thresholds 

for qualifying as an economically disadvantaged individual, and for other purposes. 


ssavage on LAPJG3WLY3PROD with BILLS
3 

•HR 6591 RH

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Encouraging Success 

5 Act’’. 

6 SEC. 2. REGULAR REASSESSMENT OF THE THRESHOLDS 

7 FOR ECONOMICALLY DISADVANTAGED INDI8 VIDUALS. 

9 (a) IN GENERAL.—Section 8(a)(6) of the Small Busi10 ness Act (15 U.S.C. 637(a)(6)) is amended by adding at 

11 the end the following new subparagraph: 

12 ‘‘(F)(i) Not later than one year after the date of the 

13 enactment of this subparagraph, and not less frequently 

14 than every four years thereafter, the Administrator shall as15 sess and, if appropriate, revise the maximum value of asset 

16 and the maximum net worth an individual may have to 

17 qualify as an economically disadvantaged individual under 

18 subparagraph (A) to account for changes in the economy, 

19 including inflation and other factors as determined appro20 priate by the Administrator. 

21 ‘‘(ii) The Administrator shall make each 

22 covered revision by issuing a rule after an op23 portunity for public notice and comment. 

24 ‘‘(iii) To the extent practicable, the Admin25 istrator shall coordinate the activities carried out 


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•HR 6591 RH

1 under clause (i) with the activities required 

2 under section 1344(a)(2) of the Small Business 

3 Jobs Act of 2010 (15 U.S.C. 632 note). 

4 ‘‘(iv) In this subparagraph, the term ‘cov5 ered revision’ means a revision described in 

6 clause (i) that the Administrator determines is 

7 appropriate pursuant to an assessment under 

8 such clause.’’. 

9 (b) COMPLIANCE WITH CUTGO.—No additional 

10 amounts are authorized to be appropriated to carry out this 

11 Act or the amendments made by this Act. 


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ssavage on LAPJG3WLY3PROD with BILLS
Union Calendar No. 310 

118TH CONGRESS 

2D SESSION H. R. 6591 

[Report No. 118–379] 

A BILL 

To amend section 8(a) of the Small Business Act 

other purposes. an economically disadvantaged individual, and for asset and net worth thresholds for qualifying as ness Administration to regularly reassess the to require the Administrator of the Small BusiFEBRUARY 9, 2024 

Reported with an amendment, committed to the Comand ordered to be printed mittee of the Whole House on the State of the Union, 


ssavage on LAPJG3WLY3PROD with BILLS