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Bill > HR4614


US HR4614

US HR4614
Accelerating Small Business Growth Act


summary

Introduced
07/13/2023
In Committee
07/14/2023
Crossed Over
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

A BILL To establish a program so that business concerns owned and controlled by socially and economically disadvantaged individuals may achieve proficiency to compete, on an equal basis, for contracts and subcontracts in Department of Transportation projects, and for other purposes.

AI Summary

This bill establishes a competitive grant program within the U.S. Department of Transportation to provide financial assistance to eligible entities, such as state/local governments, tribal governments, and metropolitan planning organizations, to create and implement programs that help businesses owned and controlled by socially and economically disadvantaged individuals (as defined in the Infrastructure Investment and Jobs Act) achieve proficiency to compete equally for transportation-related contracts and subcontracts. The bill requires grant recipients to report on the effectiveness of their activities and the Secretary to submit a report evaluating the overall program to Congress. The bill authorizes $5 million per year for fiscal years 2024 to 2026 to carry out this program.

Committee Categories

Transportation and Infrastructure

Sponsors (8)

Last Action

Referred to the Subcommittee on Highways and Transit. (on 07/14/2023)

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