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Small Business Aid Criteria Update: Regular Asset Threshold Reassessment.

This Act mandates the Small Business Administration Administrator to regularly review and adjust asset thresholds for economically disadvantaged individuals. This ensures that eligibility criteria for small business support programs remain current, accounting for economic changes like inflation, potentially affecting who qualifies for aid.
Key points
The Small Business Administration Administrator must reassess and revise asset and net worth thresholds for economically disadvantaged individuals at least every four years.
These revisions will consider inflation and other economic factors, potentially impacting eligibility for small business support programs.
Any changes will be made after public notice and comment, allowing citizens to provide input.
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Additional Information
Print number: 118_HR_6591
Sponsor: Rep. Ellzey, Jake [R-TX-6]
Process start date: 2023-12-05