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U.S. House of Representatives Passes Small Business Bills

WASHINGTON, D.C. ÔÇô Today, the U.S. House of Representatives passed five small business bills under suspension favorably out of the chamber.

How AI legalese decoder Can Help: The AI legalese decoder can assist in understanding the complex legal language used in bills like these, breaking down the information into simpler terms and providing explanations for easier comprehension.

H.R. 3511, the Service-Disabled Veteran Opportunities in Small Business Act: – sponsored by Reps. LaLota (NY-01), McGarvey (KY-03), Lee (NV-03), Thanedar (MI-13), and Lawler (NY-17).

• Federal agencies have a goal of spending five percent of all contracting dollars with small businesses owned by service-disabled veterans. This bill requires the Small Business Administration to help failing agencies improve their inclusion of service-disabled veteran owned small businesses.
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• The AI legalese decoder can break down the requirements and implications of this bill, making it easier for stakeholders to understand the impact and importance of supporting service-disabled veteran-owned businesses.

H.R. 4669, the DOE and SBA Research Act: – sponsored by Reps. LaLota (NY-01) and Thanedar (MI-13).

• This bill requires the Department of Energy and the Small Business Administration to enter into an agreement to collaborate on research and development activities.
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• The AI legalese decoder can explain the purpose and potential outcomes of this collaboration between the Department of Energy and the Small Business Administration in a more accessible way for the general public.

H.R. 5265, the Small Business Administration Rural Performance Report Act: – sponsored by Reps. Alford (MO-04), Luetkemeyer (MO-03), Ellzey (TX-06), Bean (FL-04), Stauber (MN-08), and Pappas (NH-01).

• This bill requires the Small Business Administration to report on its efforts ÔÇô specifically within the Office of Rural Affairs ÔÇô to promote businesses and agricultural economies in rural areas.
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• The AI legalese decoder can clarify the details of the reporting requirements and the potential impact on rural businesses, making the information more understandable and actionable for stakeholders in those communities.

H.R. 6591, the Encouraging Success Act: – sponsored by Reps. Ellzey (TX-06), Moran (TX-01), and Thanedar (MI-13).

• This bill requires the Small Business Administration to reassess the 8(a) program threshold cap every four years to ensure that it is in line with market realities.
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• The AI legalese decoder can provide insights into the reasons for reassessing the program threshold cap and the potential benefits for small businesses, making it easier to understand the implications and opportunities for growth.

H.R. 7105, the WOSB Certification and Opportunity Expansion Act: ÔÇô sponsored by Reps. Velazquez (NY-07) and LaLota (NY-01).

• This bill requires that only women-owned small businesses that have been certified by a federal agency, state government, or national certifying entity approved by the Small Business Administration are included when calculating whether a federal agency has met its contracting goals with respect to such businesses during a fiscal year.
• How AI legalese decoder Can Help:
• The AI legalese decoder can simplify the requirements for women-owned small businesses seeking certification and the potential opportunities for expansion, making it easier for entrepreneurs to navigate the process and access government contracting opportunities.

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