H.R.2921 - Expanding Opportunities for Small Businesses Act of 2011112th Congress (2011-2012)
|Sponsor:||Rep. Clarke, Yvette D. [D-NY-11] (Introduced 09/14/2011)|
|Committees:||House - Small Business|
|Latest Action:||09/14/2011 Referred to the House Committee on Small Business.|
This bill has the status Introduced
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Summary: H.R.2921 — 112th Congress (2011-2012)All Bill Information (Except Text)
Introduced in House (09/14/2011)
Expanding Opportunities for Small Businesses Act of 2011 - Amends the Small Business Act to increase from: (1) 9 to 12 years the authorized period of developmental assistance for participating small businesses under the small business and capital ownership and development program, and (2) 5 to 8 years the authorized period for participation in the transitional stage of such program.
Directs the Administrator of the Small Business Administration (SBA) to establish a program to provide technical business assistance to small businesses no longer eligible to participate in federal procurement contracts through the SBA, such assistance to be provided for the two-year period following such eligibility.
Increases from 5% to 8% annually the goal of federal procurement contracts let to small businesses owned and controlled by socially and economically disadvantaged individuals.
Requires the Comptroller General to study, and report to Congress on, the activities of the five most and least successful federal agencies with respect to meeting small business federal procurement contracting goals.