House Passes Bipartisan Legislation to Further Assist America's Small Businesses (February 29, 2024)
Summary
A press release dated February 29, 2024 states that the U.S. House of Representatives passed three small business bills favorably out of the chamber. It lists H.R. 5426, sponsored by Reps. Van Duyne and Landsman, which requires the Administrator of the Small Business Administration to post a weblink so that individuals may more easily report fraud. It lists H.R. 7128, the WOSB Integrity Act of 2024, which removes the self-certification process, and H.R. 7102, the Native American Entrepreneurial Opportunity Act, which codifies the Office of Native American Affairs into law.
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“House Passes Bipartisan Legislation to Further Assist America's Small Businesses (February 29, 2024).”
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House Passes Bipartisan Legislation to Further Assist America’s Small Businesses Source(print): https://smallbusiness.house.gov/news/documentprint.aspx?DocumentID=405908 House Passes Bipartisan Legislation to Further Assist America’s Small Businesses smallbusiness.house.gov Cmte Small Business (R) Contact: House Passes Bipartisan Legislation to Further Assist America’s Small Businesses Washington , February 29, 2024 - WASHINGTON, D.C. – Today, the U.S. House of Representatives passed three small business bills favorably out of the chamber. H.R. 5426, to require the Administrator of the Small Business Administration to provide a link to resources for submitting reports on suspected fraud relating to certain COVID-19 loans – sponsored by Reps. Van Duyne (TX-24) and Landsman (OH-01). · This bill requires the Administrator of the Small Business Administration to post a visible weblink on their website so that individuals may more easily report fraud. The link must be visible 30 days after the bill is enacted. H.R. 7128, the WOSB Integrity Act of 2024 – sponsored by Reps. Maloy (UT-02) and Scholten (MI-03). · This bill removes the self-certification process for businesses who wish to join this program. H.R. 7102, the Native American Entrepreneurial Opportunity Act – sponsored by Reps. Davids (KS-03) and Crane (AZ-02). · This bill codifies the already existing Office of Native American Affairs within the Small Business Administration into law. ###
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