Not Too Small to Succeed in Business Act of 2011
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HR 3754 — Not Too Small to Succeed in Business Act of 2011
Last action — Referred to the House Committee on Small Business.
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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Died in session
This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Small Business Reform Act of 2011 or Not Too Small to Succeed in Business Act of 2011 - Amends the Small Business Act to extend from: (1) 9 to 11 years the period that a small business may receive developmental assistance under the Minority Small Business and Capital Ownership Development Program (Program), and (2) 5 to 7 years the period that such a small business may spend in the Program's transitional stage. Allows small businesses that previously completed the 9-year period, above, and that satisfy net worth requirements applicable to continued eligibility after initial Program admission, to participate for an additional two years. Sets net worth limits for individual Program participants at: (1) $750,000, for Program admission; (2) $2.25 million, for continued Program participation after admission; and (3) $500,000 adjusted gross income, for Program admission and continued eligibility. Provides that, if the Administrator of the Small Business Administration (SBA) graduated a small business from the Program prior to the enactment of this Act on the basis that the small business did not meet standards relating to economic disadvantage and the small business now meets such standards, the small business may participate in the Program for 11 years less any period of previous participation.
Bill Text
We don't have the full text on file for this bill yet.
Read HR 3754 on the official United States source →Action History
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Referred to the House Committee on Small Business.
Sponsors
- Laura Richardson · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 546 not signed on
Sponsors (1)
- Laura Richardson Democrat
Co-sponsors (0)
None.
Not signed on (546)
546 members have not signed on to this bill.
Show all 546 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- What does HR 3754 do?
- Small Business Reform Act of 2011 or Not Too Small to Succeed in Business Act of 2011 - Amends the Small Business Act to extend from: (1) 9 to 11 years the period that a small business may receive developmental assistance under the Minority Small Business and Capital Ownership Development Program (Program), and (2) 5 to 7 years the period that such a small business may spend in the Program's transitional stage. Allows small businesses that previously completed the 9-year period, above, and that satisfy net worth requirements applicable to continued eligibility after initial Program admission, to participate for an additional two years. Sets net worth limits for individual Program participants at: (1) $750,000, for Program admission; (2) $2.25 million, for continued Program participation after admission; and (3) $500,000 adjusted gross income, for Program admission and continued eligibility. Provides that, if the Administrator of the Small Business Administration (SBA) graduated a small business from the Program prior to the enactment of this Act on the basis that the small business did not meet standards relating to economic disadvantage and the small business now meets such standards, the small business may participate in the Program for 11 years less any period of previous participation.
- Who sponsors HR 3754?
- HR 3754 is sponsored by Laura Richardson (Democrat).
- What is the current status of HR 3754?
- This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
- Where can I track HR 3754?
- Track HR 3754 free on One Click Politics — get push/email alerts when it moves.
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