H.R. 4325
Referred to CommitteeUnifying Small Business Terminology Act of 2016
Latest Action
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.
4/20/2016 • Senate
Summary
(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)
Unifying Small Business Terminology Act of 2016
(Sec. 2) This bill amends the Small Business Act to revise the range of the anticipated value of federal procurement contracts that must be reserved exclusively for small businesses.
The range shall be between the micro-purchase threshold ($3,000) and the simplified acquisition threshold ($100,000). (Currently the range of the anticipated value must be between $2,500 and $100,000.)
Passed House without amendment • 4/19/2016
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Bill Journey
Originated in the House
Introduced
January 6, 2016
Referred to the House Committee on Small Business.
Committee Review
Floor Debate
April 19, 2016
Passed Chamber
April 19, 2016
Other Chamber
President
Enacted into Law