Section 1 Short title
This Act may be cited as the “Streamlining Small Disadvantaged Businesses Act”.
Streamlining Small Disadvantaged Businesses Act
A BILL
To require the Administrator of the Small Business Administration to establish a pilot program for certifying the status of a small business concern as a small business concern owned and controlled by socially and economically disadvantaged individuals, and for other purposes.
Sec. 2 Pilot program to certify small business concerns owned and controlled by socially and economically disadvantaged individuals
In general— Not later than 6 months after the date of the enactment of this Act, the Administrator of the Small Business Administration shall establish a pilot program under which a small business concern may apply to the Administrator to be certified as a small business concern owned and controlled by socially and economically disadvantaged individuals. Such system shall—
require a small business concern to submit such information as the Administrator shall require; and
be made available through a website.
Use of certification— A certification obtained by a small business concern under subsection (a) may be used by a Federal agency, State, or unit of local government to determine whether such concern is a small business concern owned and controlled by socially and economically disadvantaged individuals.
Timing for certification— The Administrator shall make a determination on the certification of a small business concern as a small business concern owned and controlled by socially and economically disadvantaged individuals not later than 60 days after receipt of a complete application under subsection (a).
Termination— The pilot program established under this section shall terminate on the date that is 1 year after the date of the enactment of this Act.