S. 3458: Section 8(a) Improvements Act of 2010

111th Congress · introduced 2010-06-07 · Commerce · Latest: Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S4624-4625)

federal

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Where it came from: introduced 2010-06-07 · official record
Who proposed it: Sen. Landrieu, Mary L. [D-LA] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Small Business and Entrepreneurship. (text of measure as introduced: CR S4624-4625) Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Section 8(a) Improvements Act of 2010

Plain summary

Section 8(a) Improvements Act of 2010 - Directs the Administrator of the Small Business Administration (SBA) to: (1) assign each North American Industry Classification System industry code to a category of either manufacturing, construction, professional services, or general services; and (2) for each category, establish a maximum net worth for the socially disadvantaged individuals who own or control small businesses in that category, for purposes of participation in a program for the award of federal procurement subcontracts to socially and economically disadvantaged small businesses (program). Requires an annual inflationary adjustment to the average income and maximum net worth limits of owners of such businesses, as well as a temporary adjustment within the first 30 days after the enactment of this Act. Establishes a transition period of three years after a small business has graduated from the 8(a) program, during which period such business may receive developmental assistance through the SBA. Requires the Comptroller General and the Administrator to each evaluate the program and report evaluation results to the congressional small business committees. Directs the Administrator to establish a surety bond pilot program under which the Administrator may guarantee any surety against loss resulting from a breach of the terms of a bid bond, payment bond, performance bond, or bonds ancillary thereto by a participating eligible small business. Allows the Administrator, under the pilot program, to pay a surety up to 90% of the loss incurred. Requires the Administrator to provide, for up to three years, technical assistance and educational training to a small business participating in the pilot program. Establishes a pilot program advisory board and a Small Business Surety Bond Pilot Program Fund.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

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What does this mean? (plain words)

Official text

Section 8(a) Improvements Act of 2010

Source: Congressional Research Service summary (Introduced in Senate)

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Officials and money

Sponsor: Sen. Landrieu, Mary L. [D-LA] · 1 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

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Words on this page, explained (1)

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Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-111s3458.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/111/s>

Record fed-us-cong111-s3458 · catalog fed-us-congress-bills-cong111 · updated 2026-11-15 by psicol fed-bills-cong111