H.R. 1538 · 118th Congress
Emerging Business Encouragement Act of 2023
- Stage
- In committee
- Sponsor
- André Carson
- Introduced
- 2023-03-10
- Latest action
- 2023-03-10 · Introduced in House
Summary
Emerging Business Encouragement Act of 2023
This bill directs the Small Business Administration (SBA) to establish criteria and procedures for small businesses to be designated as emerging business enterprises. The bill provides for various benefits to such enterprises, such as waiving various loan fees and requiring federal agencies to award at least 3% of contracts in each fiscal year to such enterprises.