HR 2686 · 115th Congress 2017–2019, ended

To codify the Small Business Administration's Growth Accelerator Fund Competition, and for other purposes.

Latest action · May 25, 2017 Referred to the House Committee on Small Business.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedMay 25, 2017
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

This bill amends the Small Business Act to codify provisions establishing the Growth Accelerator Fund Competition program, under which the Small Business Administration (SBA) shall award prizes competitively to covered entities (private entities that are incorporated in and maintain a primary place of business in the United States) that:

  • assist small business concerns in accessing capital, mentors, and networking opportunities; and
  • advise small business concerns, including on market analysis, company strategy, revenue growth, and securing funding.
The SBA must develop metrics to evaluate the the program's effectiveness and benefits to the people of the United States that: (1) are science-based and statistically driven, (2) reflect the SBA mission, and (3) include factors relating to the program's economic impact.

Cosponsors 2

Members who signed on, in the order they did. Signatures ran from Aug 8, 2017 to Oct 12, 2017.

SeatCosponsorSigned on
R-TXWill HurdAug 8, 2017
D-MDJamie RaskinOct 12, 2017

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseSmall Business Committee
Referred May 25, 2017

Actions 2

Everything that happened, newest first.

  1. May 25, 2017Introduced in House
  2. May 25, 2017Referred to the House Committee on Small Business.

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Article One of the United States Constitution, section 8, clause 18: The Congress shall have Power--To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof or Article One of the United States Constitution, Section 8, Clause 3: The Congress shall have Power--To regulate Commerce with foreign Nations, and among the several States, and with the Indian tribes;

The sponsor’s statement, as printed in the Congressional Record, vol. 163, no. 91, May 25, 2017, page H4608.

CRS reports 3

Congressional Research Service work that CRS links to this bill or the law it became, newest first.

Cite it 3

Products on other subjects that cite it, usually among other measures.

Titles 1

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To codify the Small Business Administration's Growth Accelerator Fund Competition, and for other purposes.

Subjects

Assigned by the Library of Congress. Policy area: Commerce.

Text 1

Each version as it was printed, newest first.

  1. May 25, 2017Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.