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H.R.4818 - Not Too Small to Succeed in Business Act of 2010
To amend the Small Business Act to improve the program under section 8(a), and for other purposes.
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SECTION 1. SHORT TITLE.
SEC. 2. FINDINGS.
(4) Four million one-hundred thousand small businesses owned by individuals who are members of economically disadvantaged groups generate approximately $694,000,000,000 in revenues and employ approximately 4,800,000 individuals each year.CommentsClose CommentsPermalink
(8) The Small Business Administration was established in 1953 by the Federal Government to aid, counsel, assist, and protect the interests of small business concerns, to preserve free competitive enterprise, and to maintain and strengthen the overall economy of the United States.CommentsClose CommentsPermalink
(9) The Small Business Administration assists firms owned and controlled by economically disadvantaged individuals to enter the economic mainstream by providing firm-specific analysis, counseling, management training, professional consulting and monitoring services, and access to business development opportunities under section 8(a) of the Small Business Act.CommentsClose CommentsPermalink
(11) The program under section 8(a) has a record of graduating companies that are not sufficiently prepared to compete for contracts with large and established companies in the private sector, resulting in a large number of former participants in the program failing to remain in business shortly after leaving the program.CommentsClose CommentsPermalink
(12) The problem of graduating companies from the program under section 8(a) that are not sufficiently prepared to compete for contracts with large and established companies in the private sector is caused by the reliance of the Small Business Administration on outdated measures of adjusted gross income and net worth in determining whether a company participating in the program continues to be economically disadvantaged.CommentsClose CommentsPermalink
(13) Reliance by the Small Business Administration on measures that do not reflect contemporary conditions has had, and will continue to have, the unintended consequence of keeping small businesses too small to succeed, which is as undesirable as protecting companies that are too big to fail.CommentsClose CommentsPermalink
SEC. 3. IMPROVEMENT OF PROGRAM UNDER SECTION 8(a) OF THE SMALL BUSINESS ACT.
(2) COMPLETED PERIODS- A small business concern that completed a 9-year period of participation in the program under section 8(a) of the Small Business Act (
(1) INCREASE- Section 8(a)(6)(A) of the Small Business Act (
(2) COMPLETED PERIODS OF PARTICIPATION- If the Administrator of the Small Business Administration graduated a small business concern from the program under section 8(a) of the Small Business Act (