U.S.C. 637(a)(4)(A))) assigned a North American 
Industry Classification System code beginning with 
23 or 48; 
(2) owners of concerns in the industries as-
signed a North American Industry Classification 
System code beginning with 23 or 48 that would 
qualify as a socially and economically disadvantaged 
small business concern but for the size standards es-
tablished in part 121 of title 13, Code of Federal 
Regulations, as in effect on the date of the enact-
ment of this Act; 
(3) the Secretary of Transportation; 
(4) groups representing or advocating for own-
ers of socially and economically disadvantaged small 
business concerns in the industries covered by sub-
section (a); 
(5) groups representing construction businesses 
and transportation and warehousing businesses; and 
(6) State or local chambers of commerce or 
equivalent organizations. 
(c) REQUIREMENTS.—In making an adjustment de-
scribed in subsection (a), the Administrator shall— 
(1) presume that market conditions have 
changed as a result of the increase in infrastructure 
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spending in the Infrastructure Investment and Jobs 
Act (Public Law 117–58); and 
(2) ensure that the size standards described in 
subsection (a) are increased by an amount equal to 
at least 150 percent of such size standards that are 
in effect on the date of the enactment of this Act, 
unless the Administrator determines that such ac-
tion would jeopardize Federal assistance provided to 
owners of socially and economically disadvantaged 
small business concerns. 
(d) REPORT.—Not later than 30 days after the date 
on which the Administrator makes an adjustment under 
subsection (a), the Administrator shall submit to the Com-
mittee on Small Business and Entrepreneurship of the 
Senate and the Committee on Small Business of the 
House of Representatives, make publicly available, a re-
port on the review, including— 
(1) information on the factors evaluated for 
each review conducted under subsection (a); 
(2) a description of any adjustment made to 
each size standard that was reviewed pursuant to 
subsection (a), including any revisions made to size 
standard methodology pursuant to subsection (a), 
and the rationale for that adjustment; and 
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(3) if the Administrator makes a determination 
to not increase a size standard by an amount equal 
to at least 150 percent of such size standards that 
are in effect on the date of the enactment of this Act 
(as described in subsection (c)(2)), an explanation of 
the rationale for such determination. 
SEC. 203. ANNUAL GROSS RECEIPTS TIMELINE UNDER THE 
SMALL BUSINESS ACT. 
(a) 
GROSS
RECEIPTS
TIMELINE.—Section 
3(a)(2)(C)(ii)(II) of the Small Business Act (15 U.S.C. 
632(a)(2)(C)(ii)(II)) is amended by striking ‘‘5 years’’ and 
inserting ‘‘7 years’’. 
(b) RULEMAKING.—Not later than 1 year after the 
date of the enactment of this Act, the Administrator shall 
issue or amend such rules as are necessary to carry out 
the amendment made by subsection (a). 
SEC. 204. DEFINITION OF ASSETS UNDER THE SMALL BUSI-
NESS ACT. 
(a) DEFINITION OF ASSETS.—Section 8(a)(6)(E) of 
the Small Business Act (15 U.S.C. 637(a)(6)(E)) is 
amended— 
(1) in clause (i), by striking the period at the 
end and inserting a semicolon; and 
(2) by adding the following new clauses: 
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‘‘(iii) retirement savings accounts of 
disadvantaged owners; 
‘‘(iv) investments in real estate other 
than primary personal residences of dis-
advantaged owners; and 
‘‘(v) equity in businesses that are not 
certified under this subsection of disadvan-
taged owners.’’. 
(b) RULEMAKING.—Not later than 1 year after the 
date of the enactment of this Act, the Administrator shall 
issue or amend such rules as are necessary to carry out 
the amendments made by subsection (a). 
SEC. 205. SMALL BUSINESS DEVELOPMENT CENTER PART-
NERSHIPS 
WITH 
THE 
DEPARTMENT 
OF 
TRANSPORTATION. 
(a) ESTABLISHMENT
OF
PARTNERSHIP.—Section 
21(c)(3) of the Small Business Act (15 U.S.C. 648(c)(3)) 
is amended— 
(1) in subparagraph (T), by striking ‘‘and’’ at 
the end; 
(2) in clause (v) of the first subparagraph (U) 
(relating to succession planning), by striking the pe-
riod at the end and inserting a semicolon; 
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(3) in second subparagraph (U) (relating to 
training on domestic and international intellectual 
property protections)— 
(A) in clause (ii)(II), by striking the period 
at the end and inserting a semicolon; and 
(B) by redesignating such subparagraph as 
subparagraph (V); and 
(4) by adding at the end the following new sub-
paragraph: 
‘‘(W) pursuant to a cooperative agreement 
entered into under section 205 of the Giving 
Disadvantaged Businesses Opportunities for 
Success Act, providing assistance to Disadvan-
taged Business Enterprises (as such term is de-
fined in part 26.5 of title 49, Code of Federal 
Regulations), Airport Concession Disadvan-
taged Business Enterprises (as such term is de-
fined in part 23.3 of such title 49), and small 
business concerns in starting or expanding busi-
nesses in Federally assisted surface transpor-
tation markets and obtaining the necessary cap-
ital, financial, and business expertise operate 
such business.’’. 
(b) COOPERATIVE AGREEMENT.—Not later than one 
year after the date of the enactment of this Act, the Sec-
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retary and the Administrator shall enter into a cooperative 
agreement to allow Disadvantaged Business Enterprises 
and ACDBEs to have access to small business develop-
ment centers in the State in which a Disadvantaged Busi-
ness Enterprise or ACDBE, respectively, has its principal 
place of business. 
(c) TERMS OF AGREEMENT.—The Secretary and Ad-
ministrator shall determine the terms and conditions of 
the cooperative agreement required by subsection (a), 
which shall include the following: 
(1) The ways in which small business develop-
ment centers and small business transportation re-
source centers of the Department of Transportation 
will formally partner to carry out the cooperative 
agreement. 
(2) A process by which the Secretary may pro-
vide assistance and expertise, including resources 
controlled by the Secretary and small business trans-
portation resource centers, to small business develop-
ment centers to carry out the agreement. 
(3) Access for Disadvantaged Business Enter-
prises to the following assistance from small busi-
ness development centers: 
(A) Estimating. 
(B) Bonding and insurance. 
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(C) Cash flow management. 
(D) Project management. 
(E) Assistance with pre-qualification appli-
cations to be eligible to bid on contracts. 
(F) Post contract award management. 
(G) Any other area determined necessary 
by the Administrator and Secretary. 
(4) Methods to encourage collaboration between 
small business development centers and nonprofit or-
ganizations with relevant transportation construction 
or Disadvantaged Business Enterprises expertise. 
(d) DBE AND ACDBE PROGRAMS.—The Secretary 
shall require each recipient with a Disadvantaged Busi-
ness Enterprise program or ACDBE program certified by 
the Secretary under section 11101(e)(5)(A) of the Infra-
structure Investment and Jobs Act (Public Law 117–58) 
or part 23 of title 49, Code of Federal Regulations, to— 
(1) educate Disadvantaged Business Enter-
prises or ACDBEs about available assistance from 
small business development centers; and 
(2) upon request by the Administrator or a 
small business development center, provide assist-
ance and expertise to small business development 
centers located in the same State as the recipient. 
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(e) STATUS UPDATES.—The Secretary and Adminis-
trator shall provide updates to the Committee on Trans-
portation and Infrastructure and the Committee on Small 
Business of the House of Representatives and the Com-
mittee on Commerce, Science, and Transportation and the 
Committee on Small Business and Entrepreneurship of 
the Senate on the status of the cooperative agreement re-
quired under subsection (b) every 6 months beginning on 
the date of the enactment of this Act and ending on the 
date on which such agreement is finalized. 
(f) COMPLIANCE.—In carrying out the requirements 
under this section, the Secretary shall issue such regula-
tions as are necessary to update parts 23 and 26 of title 
49, Code of Federal Regulations, to clarify that a Dis-
advantaged Business Enterprise program or ACDBE pro-
gram is not in compliance with this section unless the Dis-
advantaged Business Enterprise program or ACDBE pro-
gram of such recipient has complied with the requirements 
in subsection (d). 
(g) AUTHORIZATION OF APPROPRIATIONS.—There is 
authorized to be appropriated, for each of fiscal years 
2023 through 2027, to carry out the activities under the 
cooperative agreement required under subsection (b)— 
(1) $5,000,000 to the Secretary; and 
(2) $5,000,000 to the Administrator. 
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SEC. 206. SMALL BUSINESS DEVELOPMENT CENTER PART-
NERSHIPS WITH NONPROFITS. 
(a) NONPROFIT ELIGIBILITY.—Section 21(a)(3) of 
the Small Business Act (15 U.S.C. 648(a)(3)) is amend-
ed— 
(1) in subparagraph (C), by inserting ‘‘(includ-
ing nonprofit organizations)’’ after ‘‘private partner-
ships’’; and 
(2) by adding at the end the following new sub-
paragraphs: 
‘‘(D) Each small business development center 
shall develop and implement a process under which 
a nonprofit organization may apply at least once 
every 2 years to partner with such small business 
development center to provide services, expertise, or 
resources to enhance and expand the services of such 
small business development center. 
‘‘(E) A small business development center may 
make a subgrant or subaward of any Federal funds 
awarded to such small business development center 
to a partner nonprofit organization (as described in 
subparagraph (D)) to carry out activities of the 
small business development center.’’. 
(b) RULEMAKING.—Not later than 2 years after the 
date of the enactment of this Act, the Administrator shall 
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issue or amend such rules as are necessary to carry out 
the amendments made by subsection (a). 
Æ 
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