The record

LegislationLegislation· Feb 2024
HR 6591

Sponsored by Jake Ellzey (R)

Encouraging Success Act

Would have required the SBA to review and adjust asset and net worth limits for the 8(a) program every four years.

Tradeoff

Would have made the SBA recheck the 8(a) program's income and asset limits every four years, tracking inflation. It would not have added any new federal money.

What's in it

See official bill text
H.R. 6591, Encouraging Success Actwww.cbo.gov/publication/60008 · Feb 2024

The House passed this by on February 28, 2024. The Senate never voted on it before the Congress ended, so the bill expired.

  1. House

    Introduced

    (Dec 5, 2023)

  2. House

    Committee on Small Business(Dec 5, 2023)

  3. House

    The Committee on Small Business voted to send it to the floor

    Reported by (Jan 31, 2024)

    Committee report H. Rept. 118-379.

  4. House

    Passage of the bill

    Passed by (Feb 28, 2024)

    No individual votes were recorded.

  5. Senate

    Received from the House

    on Small Business and Entrepreneurship(Feb 29, 2024)