Extended Opportunity for Small Disadvantaged Businesses Act

Bill: 118-hr-9509
Sponsor: full_name: Rep. Velázquez, Nydia M. [D-NY-7]
Introduced: 2024-09-09
Policy area: Commerce
Latest action: action_date: 2024-09-09
text: Referred to the House Committee on Small Business.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 9509 IN THE HOUSE OF REPRESENTATIVES September 9, 2024 Ms. Velázquez introduced the following bill; which was referred to the Committee on Small Business A BILL To amend section 7(j) of the Small Business Act to modify the start date used to calculate the period in which a small business concern is eligible to participate in the 8(a) program, and for the other purposes.

1. Short title This Act may be cited as the Extended Opportunity for Small Disadvantaged Businesses Act . 2. Modification of 8( a ) eligibility period start date (a) In general Section 7(j)(15) of the Small Business Act ( 15 U.S.C. 636(j)(15) ) is amended in matter preceding subparagraph (A) by striking from the date of its certification and inserting the following: from the earlier of the date on which such small business concern is first awarded a contract pursuant to such section or the date that is two years after the date of the certification of such small business concern . (b) Current 8( a ) participants (1) In general Beginning on the date on which subsection (a) takes effect, section 7(j)(15) of the Small Business Act ( 15 U.S.C. 636(j)(15) ), as amended by such subsection, shall apply to a covered current 8(a) participant as if such section was in effect on the date on which such covered current 8(a) participant began participating in the program established under section 8(a) of such Act ( 15 U.S.C. 637(a) ). (2) Covered current 8( a ) participant In this subsection, the term covered current 8(a) participant means a small business concern that, as of the date on which subsection (a) takes effect— (A) participates in the program established under section 8(a) of the Small Business Act ( 15 U.S.C. 637(a) ); and (B) has not been awarded a contract under such program. (c) Regulations Not later than 6 months after the date of the enactment of this Act, the Administrator of the Small Business Administration shall issue such regulations as are necessary to implement the amendments made by subsection (a). (d) Effective date Subsection (a) shall take effect on the date on which the Administrator of the Small Business Administration issues the regulations required by subsection (c).