CONGRESSWOMAN ELISE STEFANIK
On Tuesday, April 19, 2016, the House will consider H.R. 4325, Unifying Small Business Terminology Act of 2016, under suspension of the rules. The bill was introduced on January 6, 2016, by Rep. Nydia Velazquez (D-NY) and was referred to the Committee on Small Business, which considered this legislation as part of the markup of H.R. 4341, which was ordered reported, as amended, by voice vote, on January 13, 2016.
H.R. 4325 amends the Small Business Act to standardize certain terms used within the Act with SBA regulations and statute, in an attempt to reduce confusion for small businesses and contracting officers.
Many of the contracting provisions in the Small Business Act predate the 1984 issuance of a unified set of terminology for federal contracting. As a result, the Small Business Administration (SBA) has adopted terms in its regulations that differ from the Small Business Act so that the SBA’s regulations will make sense when read with the Federal Acquisition Regulations. H.R. 4325 standardizes terms within the Act with SBA regulations and statute.
A Congressional Budget Office (CBO) estimate is currently unavailable.
For questions or further information please contact John Huston with the House Republican Policy Committee by email or at 6-5539.