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H. Rept. 118-379 1 (2024-02-09)

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                     118TH CONGRESS                                         REPORT
                        2d Session     HOUSE   OF REPRESENTATIVES           118-379







                                     ENCOURAGING SUCCESS ACT




                     FEBRUARY 9, 2024.-Committed to the Committee of the Whole House on the State
                                       of the Union and ordered to be printed




                      Mr. WILLIAMS   of Texas, from the Committee  on Small  Business,
                                          submitted  the  following


                                              R  E  P  O  R  T


                                                together with

                                            MINORITY VIEWS

                                            [To accompany H.R. 6591]

                      The  Committee   on Small Business, to whom   was referred the bill
                    (H.R. 6591)  to amend  section 8(a) of the Small Business  Act to re-
                    quire  the Administrator  of the Small  Business  Administration  to
                    regularly reassess the asset and net worth  thresholds for qualifying
                    as  an economically  disadvantaged   individual, and  for other pur-
                    poses, having  considered the  same, reports favorably thereon  with
                    an  amendment   and  recommends   that the bill as amended  do pass.

                                                 CONTENTS
                                                                                     Page
                       I. Purpose and Bill Sum m ary  .........................................................................  2
                       II. Need for Legislation ...................................................................................... 2
                       III. Hearings ......................................................................................................... 2
                       IV. Com m ittee  Consideration  ............................................................................  3
                       V . Com m ittee  V otes  ..........................................................................................  3
                       VI. Section-by-Section  of H .R. 6591  ....................................................................  6
                     VII. Congressional Budget Office Cost Estimate ...............................................  6
                     VIII. New Budget Authority, Entitlement Authority, and Tax Expenditures 6
                     IX. Oversight Findings & Recommendations ..................................................  6
                     X.  Performance Goals and    Objectives  .............................................................  6
                     XI. Statement of Duplication of Federal Programs .........................................  7
                     XII. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff Ben-
                           efits ............................................................................................................  7
                    XIII. Federal M andates  Statem ent  ...................................................................... .  7
                    XIV. Federal Advisory Committee Statement ......................................................  7
                    XV.  Applicability  to Legislative  Branch  ..............................................................  7
                    XVI. Statement of Constitutional Authority .......................................................  7

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