Bill > HR6389

This bill seeks to enact certain laws relating to small business as a new title 57 of the United States Code, titled "Small Business." The key provisions of the bill include: 1. Establishing the Small Business Administration (SBA) as an independent agency under the general direction and supervision of the President. The bill outlines the structure and responsibilities of the SBA, including the roles of the Administrator, Deputy Administrator, Associate Administrators, and various offices and divisions. 2. Defining a "small business concern" and granting the Administrator the authority to establish size standards for determining which businesses qualify as small. The bill also includes provisions related to the size and status integrity of small business concerns. 3. Creating programs and authorities to assist and support small businesses, including the general business loan program, special purpose loan programs, the microloan program, disaster assistance programs, the business development program, procurement assistance programs, and various investment programs. 4. Establishing goals for the participation of small businesses in federal procurement contracts, including specific goals for qualified HUBZone small businesses, small businesses owned by service-disabled veterans, socially and economically disadvantaged small businesses, and small businesses owned by women. The bill also provides mechanisms for implementing and monitoring these goals. 5. Authorizing the use of certain contracting preferences and set-asides for small businesses, including sole source contracting, restricted competition, and price evaluation preferences. 6. Requiring federal agencies to take steps to facilitate the participation of small businesses in federal contracting opportunities and avoid unnecessary contract bundling or consolidation. The overall purpose of the bill is to provide a comprehensive statutory framework to support and promote the development and competitiveness of small businesses in the United States.

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https://www.congress.gov/bill/115th-congress/house-bill/6389/all-info