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Aug 20 2021    Next issue: Sept 10 2021

HSBC OKs 7 small business bills

      The House Small Business Committee on July 29 voted to reauthorize the Small Business Administration’s entrepreneurial training program for veterans, along with 6 other bills.

      HR 3469 would authorize the SBA’s “Boots to Business” for five years.

      The panel also approved legislation to improve cybersecurity and lending practices and reporting for small firms.

      The bills are:

  • HR 3462: To require SBA to assess and report on its cybersecurity infrastructure and on cyber threats, breaches and attacks;
  • HR 4515: To establish a cyber counseling certification program in Small Business Development Centers to provide free cyber training for small businesses;
  • HR 4513: To amend the Small Business Act to create enhanced cybersecurity assistance and protections for small firms;
  • HR 4256: To increase to 15%, up from 5%, the percentage that a federal savings institution or other financial institution may invest in a Small Business Investment Company;
  • HR 4481: To establish a registration system for 7(a) agents to collect data to track and evaluate their performance; and
  • HR 4531: To require an annual report to Congress regarding the performance of loans made through loan agents.

     

Inside this edition:

In FY2020, the government met small business goals for 8th year in a row

Industry wants to extend Section 3610

Biden announces new vaccine, mask rules for federal vendors

A stronger Buy American rule

Biden picks OFPP head

HSBC OKs 7 small business bills

Limitations on subcontracting final rule

‘Good faith effort’ in FAR

FY2020 Federal Agency Small Business Goals Summary Report

Washington Insider:

  • Senate OK’s $1.2T bipartisan infrastructure bill
  • SBA PCRs’ authorities spelled out in FAR
  • 8(a) STARS III named ‘Best in Class’
  • Minimum wage comments now due by Aug. 27

Coronavirus Update



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