H.R. 4325 — Introduced in House

I 114th CONGRESS 2d Session H. R. 4325 IN THE HOUSE OF REPRESENTATIVES January 6, 2016 Ms. Velázquez introduced the following bill; which was referred to the Committee on Small Business A BILL To amend the Small Business Act to modify the anticipated value of certain contracts reserved exclusively for small business concerns. 1. Short title This Act may be cited as the Unifying Small Business Terminology Act of 2016. 2. Modification of the anticipated value of certain contracts reserved exclusively for small business concerns (a) In general Section 15(j)(1) of the Small Business Act (15 U.S.C. 644(j)(1)) is amended by striking greater than $2,500 but not greater than $100,000 and inserting greater than the micro-purchase threshold defined in section 1902(a) of title 41, United States Code, but not greater than the simplified acquisition threshold. (b) Technical amendment Section 3(m) of the Small Business Act (15 U.S.C. 632(m)) is amended to read as follows: (m) Simplified acquisition threshold In this Act, the term simplified acquisition threshold has the meaning given such term in section 134 of title 41, United States Code. .