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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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 indi-
vidual, and for other purposes. 
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Encouraging Success 
Act’’. 
SEC. 2. REGULAR REASSESSMENT OF THE THRESHOLDS 
FOR ECONOMICALLY DISADVANTAGED INDI-
VIDUALS. 
(a) IN GENERAL.—Section 8(a)(6) of the Small Busi-
ness Act (15 U.S.C. 637(a)(6)) is amended by adding at 
the end the following new subparagraph: 
‘‘(F)(i) Not later than one year after the date of the 
enactment of this subparagraph, and not less frequently 
than every four years thereafter, the Administrator shall as-
sess and, if appropriate, revise the maximum value of asset 
and the maximum net worth an individual may have to 
qualify as an economically disadvantaged individual under 
subparagraph (A) to account for changes in the economy, 
including inflation and other factors as determined appro-
priate by the Administrator. 
‘‘(ii) The Administrator shall make each 
covered revision by issuing a rule after an op-
portunity for public notice and comment. 
‘‘(iii) To the extent practicable, the Admin-
istrator shall coordinate the activities carried out 
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under clause (i) with the activities required 
under section 1344(a)(2) of the Small Business 
Jobs Act of 2010 (15 U.S.C. 632 note). 
‘‘(iv) In this subparagraph, the term ‘cov-
ered revision’ means a revision described in 
clause (i) that the Administrator determines is 
appropriate pursuant to an assessment under 
such clause.’’. 
(b) COMPLIANCE
WITH
CUTGO.—No 
additional 
amounts are authorized to be appropriated to carry out this 
Act or the amendments made by this Act. 
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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 
to require the Administrator of the Small Busi-
ness Administration to regularly reassess the 
asset and net worth thresholds for qualifying as 
an economically disadvantaged individual, and for 
other purposes. 
FEBRUARY 9, 2024 
Reported with an amendment, committed to the Com-
mittee of the Whole House on the State of the Union, 
and ordered to be printed 
VerDate Sep 11 2014 
21:23 Feb 09, 2024
Jkt 049200
PO 00000
Frm 00006
Fmt 6651
Sfmt 6651
E:\BILLS\H6591.RH
H6591
ssavage on LAPJG3WLY3PROD with BILLS