Second-Stage Small Business Development Act of 2005

Bill: 109-hr-3207
Sponsor: Rep. Fitzpatrick, Michael G. [R-PA-8]
Introduced: 2005-07-12 in the House
Policy area: Commerce
Subjects: Administrative procedure
Armed Forces and National Security
Associations, institutions, etc.
Black colleges
Business education
Civil Rights and Liberties, Minority Issues
Community colleges
Congress
Congressional investigations
Congressional reporting requirements
Disabled
Economic impact statements
Economics and Public Finance
Education
Federal aid to education
Government Operations and Politics
Government paperwork
Grants-in-aid
Higher education
Hispanic Americans
Law
Minorities
Minority business enterprises
Minority education
Performance measurement
Right of privacy
Small Business Administration
Small business
Women
Women in business

Summary:
action_date: 2005-07-12
text: 
Second-Stage Small Business Development Act of 2005 - Directs the Administrator of the Small Business Administration (SBA) to carry out a four-year pilot program to make grants to eligible entities for the development of peer learning opportunities for second-stage small businesses. Defines as a second-stage small business one: (1) with more than six and not more than 99 employees, or with annual revenue or working capital of more than $750,000 and not more than $18 million; and (2) having experienced high growth in specified demonstrable ways. Provides a minimum grant amount of $50,000.

action_date: 2005-07-28
text: 
Second-Stage Small Business Development Act of 2005 - Directs the Administrator of the Small Business Administration (SBA) to carry out a four-year pilot program to make grants to eligible entities for the development of peer learning opportunities for second-stage small businesses.Defines as a second-stage small business one that: (1) has experienced high growth demonstrated by an average annual revenue or employee growth rate of at least 15 percent during the preceding three years; (2) does not exceed the size standard for the North American Industrial Classification System code of a small business; and (3) has any three of specified characteristics, including owning proprietary intellectual property, addressing an underserved or growing market, and ownership by minority individuals, service-disabled veterans, or women.
 
Provides a: (1) grant formula, with a minimum amount of $50,000; and (2) 50% matching funds requirement.
 
Requires: (1) quarterly reports from grant recipients to the Administrator on the use of grant funds; (2) an annual report from the Administrator to the President and Congress evaluating the pilot program; and (3) a Comptroller General pilot program evaluation and report to Congress and the Administrator. Terminates the pilot program on September 30, 2009.
 
Provides privacy requirements applicable to small business development centers administering pilot program assistance.
 
Authorizes appropriations.


Legislative actions:
action_date: 2005-07-28
text: Placed on the Union Calendar, Calendar No. 118.
action_date: 2005-07-28
text: Reported (Amended) by the Committee on Small Business. H. Rept. 109-205.
action_date: 2005-07-28
text: Reported (Amended) by the Committee on Small Business. H. Rept. 109-205.
action_date: 2005-07-14
text: Ordered to be Reported (Amended) by Voice Vote.
action_date: 2005-07-14
text: Committee Consideration and Mark-up Session Held.
action_date: 2005-07-13
text: Committee Hearings Held.
action_date: 2005-07-12
text: Referred to the House Committee on Small Business.
action_date: 2005-07-12
text: Introduced in House
action_date: 2005-07-12
text: Introduced in House