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House Passes Six Bipartisan Small Business Committee Suspension Bills

WASHINGTON, D.C. – Today, the U.S. House of Representatives took up six bipartisan Small Business Committee bills on the suspension calendar. Each of the six bills were favorably reported out of the Committee in July and were passed today with bipartisan support. Below is an overview of each bill.


1) H.R. 3469, Veteran Entrepreneurship Training Act of 2021 (Sponsored by Rep. Bradley Schneider Scott D-IL) / Small Business Committee
  • H.R. 3469 authorizes the Boots to Business (B2B) program for five years to help transitioning service members start and grow their businesses.
2) H.R. 4256, Investing in Main Street Act of 2021, as amended (Sponsored by Rep. Judy Chu D-CA) / Small Business Committee
  • H.R. 4256 amends the Small Businesses Investment Act of 1958 to increase the percentage of capital and surplus that a bank or federal savings association may invest in Small Business Investment Companies (SBICs) to match current banking regulations.
3) H.R. 3462, SBA Cyber Awareness Act (Sponsored by Rep. Jason Crow D-CO) / Small Business Committee
  • H.R. 3462 expands cybersecurity operations at the Small Business Administration (SBA) by requiring them to issue a report assessing the agency’s ability to combat cyber threats within six months of passage.
  • The legislation requires the SBA to notify Congress of future breaches with information on those affected and how the breach occurred.
4) H.R. 4481, Small Business 7(a) Loan Agent Transparency Act (Sponsored by Dean Phillips D-MN) / Small Business Committee
  • H.R. 4481 provides oversight of 7(a) loan agents, including by requiring the Small Business Administration (SBA) to establish a registration system for such agents.
5) H.R. 4531, 7(a) Loan Agent Oversight Act (Sponsored by Rep. Daniel Meuser R-PA) / Small Business Committee
  • H.R. 4531 requires the Small Business Administration (SBA) to submit an annual report containing specified information related to 7(a) loan agents. These agents provide fee-based referral and loan application services related to the SBA's 7(a) Program.
6) H.R. 4515, Small Business Development Center Cyber Training Act of 2021 (Sponsored by Andrew Garbarino R-NY) / Small Business Committee
  • H.R. 4515 establishes a cyber counseling certification program in Small Business Development Centers (SBDCs) to provide specific, free-of-charge cyber training for small businesses.
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