Summary: Small Business Expensing Expansion and Permanency Act of 2007 - Amends the Internal Revenue Code to: (1) increase the expensing allowance (i.e., a tax deduction in the current taxable year) for small business assets to $200,000 and make such allowance permanent; (2) increase the threshold for phaseout of such allowance to $800,000 (cost basis of property placed in service); (3) allow an inflation adjustment to the expensing and threshold amounts beginning after 2007; (4) make permanent the right of a taxpayer to revoke an election to expense; and (5) make permanent the inclusion of certain computer software as property eligible for expensing.

permanency_act amends internal revenue code increase expensing allowance tax deduction current taxable year small business assets allowance permanent increase threshold phaseout allowance cost basis property placed service allow inflation adjustment expensing threshold amounts beginning permanent right taxpayer revoke election expense permanent inclusion certain computer software property eligible expensing


Summary: Credit Union Small Business Lending Act - Amends the Federal Credit Union Act to exclude from the meaning of "member business loan," and thereby from specified limitations on member business loans made by a credit union, certain small business loans made in cooperation with the Small Business Administration (SBA), without regard to whether any portion of such a loan is or is not SBA-guaranteed. Amends the Small Business Act to direct the SBA Administrator to implement a program to: (1) provide outreach and assistance to credit unions to increase their participation in the SBA small business loan program; (2) simplify the application process for such participation; and (3) provide a guaranty of up to 85% for loans made by credit unions to their members in underserved areas.

lending act amends federal_credit_union_act exclude meaning member business loan specified limitations member business loans credit union certain small business loans cooperation small_business_administration sba regard portion loan sba guaranteed amends small_business_act direct sba administrator implement program provide outreach assistance credit unions increase participation sba small business loan program simplify application process participation provide guaranty loans credit unions members underserved areas


Summary: Small Business Fairness in Contracting Act - Title I: Contract Bundling - (Sec. 101) Amends the Small Business Act to redefine the term "bundled contract" as a contract or order entered into to meet procurement requirements that are consolidated in a bundling of contract requirements, without regard to its designation by the procuring agency or whether a study of the effects of the solicitation on civilian or military personnel has been made. Expands the definition of "bundling of contract requirements" to cover construction services, and to cover a combination of contract requirements that would meet the definition of a bundling if it were not for the addition of a procurement requirement with at least one new good or service if the new features or functions do not substantially transform the goods or services previously performed. Makes the revised and expanded definitions inapplicable to contracts for construction services under $65 million or under $5 million for all other types of contracts. (Sec. 102) Requires a procurement contracting agency to provide the small business representative of that agency identifying information on incumbent contract holders, a description of the industries which might be interested in bidding on the contract requirements, and the number of small businesses listed in the industry categories that could be excluded from future bidding if the contract is combined or packaged. Allows the Administrator of the Small Business Administration (SBA), if there is cause to believe a contract combines requirements or a contract or task or delivery order for construction services or includes unjustified bundling, to request a statement of work for goods and services, and to request that the solicitation process be postponed ten days to allow the Administrator to review the statement and make recommendations. (Sec. 103) Allows a small business adversely affected by a proposed procurement, or trade association acting on behalf of the small business, to request that the SBA take actions to further the interests of that small business. (Sec. 104) Requires the SBA, whenever the SBA and the contracting procurement agency fail to agree on a bundling issue, to submit the matter to the head of the agency for a determination and the head of the agency to provide a written response to the SBA, with a copy of such response also being provided to specified congressional committees. Title II: Increasing the Number of Small Business Contracts and Subcontracts - (Sec. 201) Increases from: (1) 23% to 25% the government-wide small business procurement contract goal; and (2) 5% to 8% the government-wide procurement goal for small disadvantaged businesses and women-owned businesses. (Sec. 202) Includes overseas contracts within such small business procurement goals. (Sec. 203) Requires the President, before the close of each fiscal year, to establish new government-wide procurement goals for the following fiscal year. (Sec. 204) Allows a small business to be counted toward one additional procurement category goal (small businesses owned by service-disabled veterans, socially and economically disadvantaged individuals, qualified HUBZone businesses, and small businesses owned and controlled by women) only, even if the small business would otherwise qualify under more than one goal. (Sec. 205) Requires the head of each federal agency to submit to the Administrator and Congress a plan explaining how the agency intends to meet its small business procurement goals. (Sec. 206) Requires the maximum value of the small business threshold to be raised to that of the simplified acquisition threshold, adjusted annually for inflation. (Sec. 207) Directs the Administrator to require each prime contractor to report small business subcontract usage at all tiers based on the percentage of the total dollar amount of the contract award. (Sec. 208) Requires the Administrator to develop and maintain a password-protected database to enable the SBA to assist small businesses in marketing to large corporations that have not achieved their small business procurement goals. (Sec. 209) Directs the Administrator to ensure that whenever a small business enters its information in the Central Contractor Registry (or any successor registry), the Administrator contacts that business within 30 days regarding the likelihood of federal contracting opportunities. (Sec. 210) Directs the SBA, after an opportunity for notice and comment, to begin modifications to the Electronic Subcontracting Reporting System (ESRS) for the purpose of tracking companies' compliance with small business subcontracting plans included in successful contract bids. Allows for review of a company's record of compliance. Requires periodic prime contractor reports concerning such compliance. States that ESRS and its information shall be available to boards evaluating contract proposals, and requires agencies to take into consideration the compliance records of companies in competitions for federal contracts. (Sec. 211) Requires the head of each federal agency to report annually to Congress on the percentage of contracts awarded to to small businesses. Requires such agency head, if such percentage is less than 25, to explain the reasons therefor and steps to be taken to ensure that such percentage will not be less than 25 in the following fiscal year. (Sec. 212) Requires that, if a law is not enacted by the end of 2007 revising limits on the value of contracts awarded without the use of competitive procedures to Alaska Native Corporations and economically disadvantaged Indian tribes, the Administrator for Federal Procurement Policy shall establish appropriate limits. Requires such Administrator to consult with such participants in establishing such limits. (Sec. 213) Includes green small businesses (small businesses that carry out their activities in an environmentally sound manner) within federal small business procurement contract goals. (Sec. 214) Requires the SBA Administrator to carry out, and report to Congress on, a study on the feasibility and desirability of providing financial incentives to federal contractors that achieve subcontracting goals which utilize small businesses owned and controlled by socially and economically disadvantaged individuals. Title III: Protection of Taxpayers From Fraud - (Sec. 301) Directs the SBA Administrator to work with appropriate federal agencies to ensure that whenever a small business is awarded a contract on the basis that it qualifies as a small business and then is determined not to qualify as small, a notification of those facts shall be placed on that business' listing in the Central Contractor (or successor) Registry. Requires the inspector general of each federal procurement agency to report annually to Congress on the number and dollar value of contracts that were coded as awards to small businesses but in fact were made to businesses that did not qualify as small businesses. (Sec. 302) Requires the SBA Administrator to ensure, on a biannual basis, that an independent audit is performed of the Central Contractor (or successor) Registry, and that the Dynamic Small Business Search portion of the Registry is purged of any businesses that are not in fact small businesses. (Sec. 303) Requires that, if a small business is awarded a contract because of a standard by which it is determined to be a small business, and such business is close to exceeding that standard at the time of award, then the business must, on an annual basis, recertify to the awarding agency whether it meets that standard. Title IV: Authorization of Appropriations - (Sec. 401) Authorizes appropriations.

small business fairness contracting act title contract bundling sec amends small_business_act redefine term bundled contract contract order entered meet procurement requirements consolidated bundling contract requirements regard designation procuring agency study effects solicitation civilian military personnel expands definition bundling contract requirements cover construction services cover combination contract requirements meet definition bundling addition procurement requirement new good service new features functions substantially transform goods services previously performed makes revised expanded definitions inapplicable contracts construction services million million types contracts sec requires procurement contracting agency provide small business representative agency identifying information incumbent contract holders description industries interested bidding contract requirements number small businesses listed industry categories excluded future bidding contract combined packaged allows administrator small_business_administration sba cause believe contract combines requirements contract task delivery order construction services includes unjustified bundling request statement work goods services request solicitation process days allow administrator review statement recommendations sec allows small business adversely affected proposed procurement trade association acting behalf small business request sba actions interests small business sec requires sba sba contracting procurement agency fail agree bundling issue submit matter head agency determination head agency provide written response sba copy response provided specified congressional committees title increasing number small business contracts subcontracts sec increases government wide small business procurement contract goal government wide procurement goal small disadvantaged businesses women owned businesses sec includes overseas contracts small business procurement goals sec requires president close fiscal year establish new government wide procurement goals following fiscal year sec allows small business counted additional procurement category goal small businesses owned service disabled veterans socially economically disadvantaged individuals qualified hubzone businesses small businesses owned controlled women small business qualify goal sec requires head federal agency submit administrator congress plan explaining agency intends meet small business procurement goals sec requires maximum value small business threshold raised simplified acquisition threshold adjusted annually inflation sec directs administrator require prime contractor report small business subcontract usage tiers based percentage total dollar contract award sec requires administrator develop maintain password protected database enable sba assist small businesses marketing large corporations achieved small business procurement goals sec directs administrator ensure small business enters information successor registry administrator contacts business days likelihood federal contracting opportunities sec directs sba opportunity notice comment begin modifications purpose tracking companies compliance small business subcontracting plans included successful contract bids allows review company record compliance requires periodic prime contractor reports concerning compliance states information shall available boards evaluating contract proposals requires agencies consideration compliance records companies competitions federal contracts sec requires head federal agency report annually congress percentage contracts awarded small businesses requires agency head percentage explain reasons therefor steps taken ensure percentage following fiscal year sec requires law enacted end revising limits value contracts awarded use competitive procedures alaska_native_corporations economically disadvantaged indian tribes administrator federal procurement policy shall establish appropriate limits requires administrator consult participants establishing limits sec includes green small businesses small businesses carry activities environmentally sound manner federal small business procurement contract goals sec requires sba administrator carry report congress study feasibility desirability providing financial incentives federal contractors achieve subcontracting goals utilize small businesses owned controlled socially economically disadvantaged individuals title iii protection taxpayers fraud sec directs sba administrator work appropriate federal agencies ensure small business awarded contract basis qualifies small business determined qualify small notification facts shall placed business listing successor registry requires inspector general federal procurement agency report annually congress number dollar value contracts coded awards small businesses fact businesses qualify small businesses sec requires sba administrator ensure biannual basis independent audit performed successor registry portion registry businesses fact small businesses sec requires small business awarded contract standard determined small business business close exceeding standard time award business annual basis recertify awarding agency meets standard title authorization appropriations sec authorizes appropriations


Summary: Subcontractor Protection Act - Amends the Small Business Act to require a Federal agency to include in contracts awarded pursuant to a subcontracting plan calling for the maximum practicable opportunity for participation by small businesses owned and controlled by socially and economically disadvantaged individuals (qualified small businesses) a clause providing for the withholding of a specified amount or percentage of the total contract if the contractor does not achieve the percentage goal for the utilization of the qualified small businesses. Directs the awarding agency to require the contractor to provide written justification for not entering into a subcontract as required under the plan. Directs the Small Business Administration (SBA) to establish a telephone line or other electronic means of communication through which a qualified small business may inform the SBA of any concerns regarding major deviations by prime contractors from the use of such qualified small businesses.Requires the consideration of the use of such qualified small businesses as subcontractors when determining a contractor's past compliance with other subcontracting plans.

subcontractor protection act amends small business act require federal agency include contracts awarded pursuant subcontracting plan calling maximum practicable opportunity participation small businesses owned controlled socially economically disadvantaged individuals qualified small businesses clause providing withholding specified percentage total contract contractor achieve percentage goal utilization qualified small businesses directs awarding agency require contractor provide written justification entering subcontract required plan directs small_business_administration sba establish telephone line electronic means communication qualified small business inform sba concerns major deviations prime contractors use qualified small businesses requires consideration use qualified small businesses subcontractors determining contractor past compliance subcontracting plans


Summary: Amends the Small Business Act to increase the government-wide goal for procurement contracts awarded to small businesses owned and controlled by service-disabled veterans, qualified HUBZone small businesses, and small businesses owned and controlled by socially and economically disadvantaged individuals or women to 25 percent (currently, 23 percent) of the total amount of federal procurement contracts awarded in a fiscal year.

amends small_business_act increase government wide goal procurement contracts awarded small businesses owned controlled service disabled veterans qualified hubzone small businesses small businesses owned controlled socially economically disadvantaged individuals women percent currently percent total federal procurement contracts awarded fiscal year


Summary: Minority Entrepreneurship Development Act of 2007 - Amends the Small Business Act to establish within the Small Business Administration (SBA) an Office of Minority Small Business Development to, among other things, formulate, execute, and promote SBA policies and programs that provide assistance to small businesses owned and controlled by minorities. Authorizes the SBA Administrator to make grants to eligible educational institutions: (1) to assist in establishing an entrepreneurship curriculum for undergraduate or graduate studies; and (2) for the placement of a small business development center on the campus of the institution. Authorizes the Administrator to make grants to eligible associations and organizations to: (1) assist in establishing the technical capacity to provide online or distance learning for businesses seeking to contract with the federal government; (2) develop curriculum for seminars that will provide businesses with the technical expertise for such contracting; and (3) provide training and technical expertise through distance learning to participant business owners and other interested parties. Amends the Federal Acquisition Streamlining Act of 1994 to extend through FY2009 the socially and economically disadvantaged business program.

minority entrepreneurship development act amends small business act establish small_business_administration sba things formulate execute promote sba policies programs provide assistance small businesses owned controlled minorities authorizes sba administrator grants eligible educational institutions assist establishing entrepreneurship curriculum undergraduate graduate studies placement small business development center campus institution authorizes administrator grants eligible associations organizations assist establishing technical capacity provide online distance learning businesses seeking contract federal government develop curriculum seminars provide businesses technical expertise contracting provide training technical expertise distance learning participant business owners interested parties amends extend fy2009 socially economically disadvantaged business program


Summary: Disaster Surety Bond Enhancement Act of 2007 - Permits the Administrator of the Small Business Administration (SBA), for any federal procurement related to a major disaster, to prescribe, guarantee, and enter into commitments to guarantee any surety against loss resulting from the breach of a bond by a principal on any total work order or contract amount that does not exceed $5 million at the time of bond execution. Allows the Administrator to increase such maximum amount to $10 million upon request of the head of any federal agency other than the SBA. Makes this Act retroactive to any major disaster relating to Hurricanes Katrina, Rita, or Wilma.

disaster surety bond enhancement act permits administrator small_business_administration sba federal procurement related major disaster prescribe guarantee enter commitments guarantee surety loss resulting breach bond principal total work order contract exceed million time bond execution allows administrator increase maximum million request head federal agency sba makes act retroactive major disaster relating hurricanes katrina rita wilma


Summary: Small Business Investment and Promotion Act of 2007 - Amends the Internal Revenue Code to: (1) provide to small business owners and operators of farming or commercial fishing businesses a temporary credit for excessive fuel costs paid or incurred in the operation of such business; (2) make permanent the credit for increasing research activities; and (3) treat as 15-year property for purposes of the depreciation deduction qualified restaurant property, qualified retail improvement property, and certain systems installed in nonresidential buildings. Authorizes appropriations for FY2008-FY2009 for: (1) the Advanced Technology Program; (2) the Service Corps of Retired Executives (SCORE); (3) small business development centers; (4) the Manufacturing Extension Partnership program; and (5) the Women's Business Centers program. Expresses the sense of Congress calling for appropriate funding for the above programs and the Small Business Act's 7(a) loan program. Amends the Small Business Act to include awards for contracts performed outside the United States within the federal government's small business contracting goal.

promotion act amends internal revenue code provide small business owners operators farming commercial fishing businesses temporary credit excessive fuel costs paid incurred operation business permanent credit increasing research activities treat year property purposes depreciation deduction qualified restaurant property qualified retail improvement property certain systems installed nonresidential buildings authorizes appropriations fy2008 fy2009 advanced technology program small business development centers program program expresses sense congress calling appropriate funding programs small_business_act loan program amends small_business_act include awards contracts performed outside united_states federal government small business contracting goal


Summary: SBA Entrepreneurial Development Programs Act of 2007 - Title I: Revisions to Small Business Development Centers - (Sec. 101) Amends the Small Business Act to make operational changes to the Small Business Administration (SBA)'s small business development centers (SBDCs) program, including: (1) requiring new SBDC award grantees that are universities to be accredited; (2) requiring award grantees to be equal partners in grant program and contract negotiations; (3) prohibiting SBA interference in hiring practices of SBDC grant recipients; (4) prohibiting the SBA from using program resources for administrative expenses of examining SBDC operations; (5) exempting from the cap on non-matching portability grants grants made under a federally-designated disaster; (6) prohibiting the SBA Administrator from distributing funds to an SBDC if the state in which the SBDC is located is served by more than one SBDC, unless no SBDC applicant has applied to serve the entire state; and (7) requiring SBDCs to report broadband service purchases to the SBA Administrator. Title II: Grant Initiatives - (Sec. 201) Allows a lead SBDC to apply for an additional grant to carry out: (1) a capital access initiative program; (2) a disaster recovery program; (3) an innovation and competitiveness services to manufacturers initiative program; (4) a mature entrepreneurs assistance program; or (5) a small business sustainability initiative program. Outlines elements, and provides minimum and maximum grant amounts, under each program. (Sec. 206) Authorizes the Administrator to award a grant to a lead SBDC to provide assistance in securing affordable health insurance for small businesses and their employees. Provides a minimum grant amount of $200,000. Requires the: (1) grant recipient to report to the Administrator on the use of grant funds; and (2) Administrator to submit to Congress an evaluation of the grant program. (Sec. 207) Directs the Administrator to establish a program to provide regulatory compliance assistance to small businesses through selected SBDCs, the Association of Small Business Development Centers, and federal compliance partnership programs. Requires quarterly reports from participating SBDCs summarizing assistance provided. Requires the Administrator, in carrying out such program, to: (1) act as the repository of and clearinghouse for data and information submitted by participating SBDCs; and (2) report annually to the President and the congressional small business committees on assistance provided. Directs the: (1) Administrator to submit to the Chief Counsel for Advocacy of the SBA a list of regulations considered burdensome for small businesses; (2) Chief Counsel to review such regulations and identify those eligible for review by the appropriate federal rulemaking agency; and (3) Chief Counsel to annually publish a list of regulations determined eligible for review, and the results of such review. Allows only certified SBDCs to participate in the regulatory compliance assistance program, with a waiver if the Administrator determines that the SBDC is making a good faith effort to obtain such certification. Requires the Administrator to select for program participation the SBDC programs of two states from each of ten regional groups of states. Authorizes the Administrator to make additional SBDC program selections. Provides a minimum grant amount of $200,000. Requires the Comptroller General to evaluate the program, and to report evaluation results to the Administrator and the small business committees. (Sec. 208) Requires the Administrator to submit to Congress an evaluation of the effectiveness of the SBDC programs added by this title. Title III: SCORE - (Sec. 301) Repeals the Active Corps of Executives (ACE) program. (Sec. 302) Requires the Service Corps of Retired Executives (SCORE) to: (1) carry out a plan to increase the proportion of mentors who are from socially or economically disadvantaged backgrounds; and (2) establish benchmarks for use in evaluating the performance of its activities and volunteers.

title revisions small business development centers sec amends small_business_act operational changes small_business_administration sba small business development centers sbdcs program including requiring new sbdc award grantees universities accredited requiring award grantees equal partners grant program contract negotiations prohibiting sba interference hiring practices sbdc grant recipients prohibiting sba program resources administrative expenses examining sbdc operations exempting cap non matching portability grants grants federally designated disaster prohibiting sba administrator distributing funds sbdc state sbdc located served sbdc sbdc applicant applied serve entire state requiring sbdcs report broadband service purchases sba administrator title grant initiatives sec allows lead sbdc apply additional grant carry capital access initiative program disaster recovery program innovation competitiveness services manufacturers initiative program mature entrepreneurs assistance program small business sustainability initiative program outlines elements provides minimum maximum grant amounts program sec authorizes administrator award grant lead sbdc provide assistance securing affordable health insurance small businesses employees provides minimum grant requires grant recipient report administrator use grant funds administrator submit congress evaluation grant program sec directs administrator establish program provide regulatory compliance assistance small businesses selected sbdcs federal compliance partnership programs requires quarterly reports participating sbdcs summarizing assistance provided requires administrator carrying program act repository clearinghouse data information submitted participating sbdcs report annually president congressional small business committees assistance provided directs administrator submit chief counsel advocacy sba list regulations considered burdensome small businesses chief counsel review regulations identify eligible review appropriate federal rulemaking agency chief counsel annually publish list regulations determined eligible review results review allows certified sbdcs participate regulatory compliance assistance program waiver administrator determines sbdc making good faith effort obtain certification requires administrator select program participation sbdc programs states regional groups states authorizes administrator additional sbdc program selections provides minimum grant requires comptroller general evaluate program report evaluation results administrator small business committees sec requires administrator submit congress evaluation effectiveness sbdc programs added title title iii score sec repeals ace program sec requires service corps retired executives score carry plan increase proportion mentors socially economically disadvantaged backgrounds establish benchmarks use evaluating performance activities volunteers


Summary: SBA Women's Business Programs Act of 2007 - Title I: National Women's Business Council - Amends the Women's Business Ownership Act of 1988 to direct the National Women's Business Council to: (1) conduct at least one annual study that evaluates problems hindering the success of women entrepreneurs; and (2) report biannually on its initiatives, policies, programs, and plans. Title II: Women's Business Centers - Amends the Small Business Act relating to the women's business center program (program) to replace the five-year projects for the benefit of small businesses owned and controlled by women with a three-tiered program of five-year (first tier), three-year (second tier), and three-year (third tier) projects, with each tier commencing after the previous tier is being completed. Revises matching funds requirements for such projects. States that organizations that have conducted projects under the program: (1) are not eligible to conduct another such project; and (2) may continue to use the women's business center logo only with the Administrator's consent. Requires notice to the public of women's business center awards.

title direct conduct annual study evaluates problems hindering success women entrepreneurs report biannually initiatives policies programs plans title women business centers amends small business act relating women business center program program replace year projects benefit small businesses owned controlled women tiered program year tier year second tier year tier projects tier commencing previous tier completed revises matching funds requirements projects states organizations conducted projects program eligible conduct project continue use women business center logo administrator consent requires notice public women business center awards


Summary: SBDC Colonias Outreach Act of 2007 - Amends the Small Business Act to authorize an applicant funded by the Small Business Administration (SBA) as a small business development center (SBDC) and that is in a state along the United States-Mexico border that has individuals residing in colonias (areas comprised of low- or very low-income families and usually lacking basic services such as clean water, roads, sewage, schools, and law enforcement) to apply for grants to provide services to assist with outreach, development, and enhancement of small business startups and expansions within colonias.

outreach act amends small business act authorize applicant funded small_business_administration sba small business development center sbdc state border individuals residing areas comprised low- low income families usually lacking basic services clean water roads sewage schools law enforcement apply grants provide services assist outreach development enhancement small business startups expansions


Summary: Minority-Owned Venture Empowerment Act of 2007 - Directs the Administrator of the Small Business Administration (SBA) to establish a program, to be known as the Pre-8(a) Program, to provide technical assistance to small businesses with respect to the receipt and performance of federal procurement contracts. Prohibits a participating small business from being awarded a contract under the Program which is awarded using procedures other than competitive procedures under section 8(a) of the Small Business Act (wherein the SBA provides for the performance of federal procurement contracts by small, disadvantaged, and minority-owned businesses). Limits to $750,000 the maximum net worth of a small business Program participant. Modifies the 8(a) program under the Small Business Act to require small businesses to complete the Pre-8(a) Program before participating in the 8(a) program. Limits to $100 million the aggregate value of contracts an 8(a) participant may enter into. Requires the Administrator, for the 8(a) program, to establish for each industry classification a maximum level of net worth for an economically disadvantaged individual, but prohibits establishing a net worth of less than $750,000. Makes some small businesses eligible for 8(a) participation in a contract using other than competitive procedures (restricted competition), under certain circumstances. Allows a contracting officer, under specified conditions, to utilize restricted competition in the award of federal procurement contracts for small businesses owned and controlled by socially and economically disadvantaged individuals.

act directs administrator small_business_administration sba establish program known program provide technical assistance small businesses respect receipt performance federal procurement contracts prohibits participating small business awarded contract program awarded procedures competitive procedures section small_business_act sba provides performance federal procurement contracts small disadvantaged minority owned businesses limits maximum net worth small business program participant modifies program small business act require small businesses complete program participating program limits million aggregate value contracts participant enter requires administrator program establish industry classification maximum level net worth economically disadvantaged individual prohibits establishing net worth makes small businesses eligible participation contract competitive procedures restricted competition certain circumstances allows contracting officer specified conditions utilize restricted competition award federal procurement contracts small businesses owned controlled socially economically disadvantaged individuals


Summary: Small Business SOX Compliance Extension Act - Directs the Securities and Exchange Commission to modify its regulations under the Sarbanes-Oxley Act of 2002 (SOX) for annual management assessments of, and reports on, internal financial controls. Requires such regulations to provide that a non-accelerated filer does not have to provide management's report on internal control over financial reporting until it files an annual report for its first fiscal year ending on or after December 15, 2008 (thereby extending the current moratorium on such requirements for small businesses).

extension act directs securities_and_exchange_commission modify regulations sarbanes oxley act sox annual management assessments reports internal financial controls requires regulations provide non accelerated filer provide management report internal control financial reporting files annual report fiscal year ending december extending current moratorium requirements small businesses


Summary: Angels Nurture Growing Entrepreneurs into Long-Term Successes (ANGELS) Act - Amends the Small Business Investment Act of 1958 to establish within the Investment Division of the Small Business Administration (SBA) the Office of Angel Investment, headed by a Director, to provide support for the development of angel investment opportunities for small businesses. Requires the Director to: (1) establish and carry out a program, to be known as the Angel Finance Program, to provide financing to approved angel groups; (2) establish and maintain a searchable database, to be known as the Federal Angel Network, to assist small businesses in identifying angel investors; and (3) establish and carry out a program to make grants for the development of new or existing angel groups and to increase awareness and education about angel investing. Amends the Internal Revenue Code to provide a small business investment tax credit of 20 percent of the amount paid or incurred for qualified small business investment.

growing entrepreneurs act amends small_business_investment_act establish sba headed director provide support development investment opportunities small businesses requires director establish carry program known provide financing approved groups establish maintain searchable database known assist small businesses identifying investors establish carry program grants development new existing groups increase awareness education investing amends internal revenue code provide small business investment tax credit percent paid incurred qualified small business investment


Summary: SBA Trade Programs Act of 2007 - Title I: Small Business Trade Policy - (Sec. 101) Amends the Small Business Act to require the director of the Office of International Trade (Office) within the Small Business Administration (SBA) to: (1) present recommendations regarding small business exporters to trade negotiators; (2) develop trade policies that support small businesses in domestic and foreign markets; (3) implement trade policies through relationships developed with federal trade policymakers and transnational organizations; (4) establish programs to boost exports of entrepreneurs and encourage transnational organizations to support and publicize such programs; (5) notify the congressional small business committees of pending strategic alliances; and (6) engage in follow-up activities for strategic alliances increasing trade opportunities for small businesses. (Sec. 102) Requires the director to: (1) develop and maintain a small business trade strategy that is contributed as part of the National Export Strategy developed by the Department of Commerce; and (2) report such strategy to the small business committees. (Sec. 103) Requires the director to develop a system to track small business exports and the use by small businesses of federal trade promotion resources. Title II: Trade Compliance Programs - (Sec. 201) Requires the director to design a program that provides technical assistance, counseling services, and reference materials to assist small businesses in navigating the trade dispute and remedy processes. (Sec. 202) Directs the Office to design counseling services for small businesses taking legal action to secure intellectual property protection in foreign countries. Title III: Trade Adjustment Assistance for Small Businesses - (Sec. 301) Directs the SBA to increase outreach and marketing of international trade loans to district offices and private lenders. (Sec. 302) Requires the director to establish a comprehensive set of services to assist small business trade readjustment. Title IV: Export Assistance - (Sec. 401) Directs the Office to increase by at least six the number of trade finance specialists at Export Assistance Centers. Authorizes appropriations. Requires the director to carry out a national study to compare the rates of exports from each state and major metropolitan region to the availability of SBA staff participating in Export Assistance Centers in such state or region. (Sec. 402) Increases SBA loan limits for small and medium-sized exporters participating in export working capital and international trade programs. Title V: Authorization of Appropriations - (sec. 501) Authorizes appropriations.

title small business trade policy sec amends small_business_act require director small_business_administration sba present recommendations small business exporters trade develop trade policies support small businesses domestic foreign markets implement trade policies relationships developed federal trade policymakers transnational organizations establish programs boost exports entrepreneurs encourage transnational organizations support publicize programs notify congressional small business committees pending strategic alliances engage follow activities strategic alliances increasing trade opportunities small businesses sec requires director develop maintain small business trade strategy contributed developed department_of_commerce report strategy small business committees sec requires director develop system track small business exports use small businesses federal trade promotion resources title trade compliance programs sec requires director design program provides technical assistance counseling services reference materials assist small businesses navigating trade dispute remedy processes sec directs office design counseling services small businesses taking legal action secure intellectual property protection foreign countries title iii trade adjustment assistance small businesses sec directs sba increase outreach marketing international trade loans district offices private lenders sec requires director establish comprehensive set services assist small business trade readjustment title export assistance sec directs office increase number trade finance specialists authorizes appropriations requires director carry national study compare rates exports state major metropolitan region availability sba staff participating state region sec loan limits small medium sized exporters participating export working capital international trade programs title authorization appropriations sec authorizes appropriations


Summary: Small Business Liability Reform Act of 2007 - Allows punitive damages against a small business only if the claimant establishes by clear and convincing evidence that conduct carried out by the defendant with a conscious, flagrant indifference to the rights or safety of others was the proximate cause of the harm that is the subject of the action. States that in any civil action against a small business: (1) each defendant shall be liable only for the amount of noneconomic loss allocated to that defendant in direct proportion to the percentage of responsibility of that defendant for the harm caused to the plaintiff; and (2) the court shall render a separate judgment against each defendant describing such percentage of responsibility.Excepts from such liability limitations specified misconduct of a defendant.

small business liability reform act allows punitive damages small business claimant establishes clear convincing evidence conduct carried defendant conscious flagrant indifference rights safety proximate cause harm subject action states civil action small business defendant shall liable noneconomic loss allocated defendant direct proportion percentage responsibility defendant harm caused plaintiff court shall render separate judgment defendant describing percentage responsibility excepts liability limitations specified misconduct defendant


Summary: Microloan Amendments and Modernization Act - Title I: Microloan - (Sec. 101) Amends the Small Business Act with regard to the Microloan program (a program administered by the Small Business Administration [SBA] to provide small-scale loans to startup, newly established, or growing small businesses for working capital or the acquisition of materials, supplies, or equipment) to require the SBA Administrator to establish a process under which a lender provides to the major credit reporting agencies information about the borrower that is relevant to credit reporting (such as loan payment activity). (Sec. 102) Removes the requirement that Microloan loans be short-term only. (Sec. 103) Requires Microloan loan intermediaries to have one full-time employee who has at least three years experience making microloans. (Sec. 104) Increases from $7,500 to $10,000 the limit for loans made to intermediaries that will receive a reduced interest rate. (Sec. 105) Increases from 25% to 35% of grant funds received by Microloan intermediaries the amount that may be used to provide information and technical assistance to small businesses that are prospective borrowers. (Sec. 106) Includes disabled entrepreneurs and small business owners under the Microloan program. Title II: PRIME - Program for Investment in Microentrepreneurs Act or PRIME Act - (Sec. 202) Directs the Administrator to establish a technical assistance and capacity building grant program to provide assistance to microenterprises (small businesses with fewer than five employees and generally lacking access to conventional loans, equity, or other banking services) through grants to qualified microenterprise development organizations. Requires the Administrator to ensure that at least 50% of the grants made are used to benefit very low-income persons, including those residing on Indian reservations. Provides a 50% matching funds requirement, with an exception for applicants with severe constraints on available sources of matching funds. Outlines recordkeeping requirements for organizations receiving grants. Requires such organizations to report annually to the Administrator on its activities, financial condition, and success in meeting performance goals. (Sec. 203) Repeals provisions of the Riegle Community Development and Regulatory Improvement Act of 1994 which established a Program for Investment in Microentrepreneurs (PRIME).

modernization act title microloan sec amends small_business_act regard microloan program program administered small_business_administration sba provide small scale loans startup newly established growing small businesses working capital acquisition materials supplies equipment require sba administrator establish process lender provides major credit reporting agencies information borrower relevant credit reporting loan payment activity sec removes requirement microloan loans short term sec loan intermediaries time employee years experience making microloans sec increases limit loans intermediaries receive reduced interest rate sec increases grant funds received microloan intermediaries provide information technical assistance small businesses prospective borrowers sec includes disabled entrepreneurs small business owners microloan program title prime program investment microentrepreneurs act prime act sec directs administrator establish technical assistance capacity building grant program provide assistance small businesses fewer employees generally lacking access conventional loans equity banking services grants qualified microenterprise development organizations requires administrator ensure grants benefit low income persons including residing indian reservations provides matching funds requirement exception applicants severe constraints available sources matching funds outlines recordkeeping requirements organizations receiving grants requires organizations report annually administrator activities financial condition success meeting performance goals sec repeals provisions riegle_community_development_and_regulatory improvement act established microentrepreneurs prime


Summary: Extends through December 15, 2007, under the same terms and conditions, the authorization for any program, authority, or provision, including any pilot program, that is currently authorized through July 31, 2007, under the Small Business Act or the Small Business Investment Act of 1958.

extends december terms conditions authorization program authority provision including pilot program currently authorized july small business act small_business_investment_act


Summary: Tax Fairness for Small Business Act of 2007- Amends the Internal Revenue Code to allow an accelerated five-year amortization period for goodwill and other business intangibles acquired from certain small businesses (businesses whose average three-year gross receipts do not exceed $5 million) after December 31, 2006. Limits the amount eligible for such amortization to $5 million.

tax fairness small business act amends_the_internal_revenue_code allow accelerated year amortization period goodwill business acquired certain small businesses businesses average year gross receipts exceed million december limits eligible amortization million


Summary: Small Business Investment Expansion Act of 2007 - Title I: Small Business Investment Company Program - (Sec. 101) Amends the Small Business Investment Act of 1958 to increase the maximum amounts of outstanding leverage made available by the Small Business Administration (SBA) to: (1) any one small business investment company (SBIC) which provides loans to small businesses; and (2) two or more SBICs that are commonly controlled. (Sec. 102) Increases the total amount of debentures and participating securities issued by an SBIC that may be guaranteed by the SBA in the case of an SBIC that certifies that not less than 50% of its aggregate investments will be made in small businesses that are either: (1) majority owned by socially or economically disadvantaged individuals, veterans, or current or former members of the National Guard or reserves; or (2) located in a low-income geographic area. (Sec. 103) Requires each SBIC, as a condition of an application for leverage, to certify that not less than 25% of the aggregate dollar amount of its financings will be provided to smaller enterprises. (Sec. 104) Requires the SBA Administrator to give consideration to investments in small businesses that are creating new technologies, manufactured goods, or materials, or providing services to reduce carbon emissions, reduce the use of non-renewable resources, minimize environmental impact, and relate people with the natural environment. (Sec. 105) Revises the aggregate SBA investment limits with respect to SBICs. Title II: New Markets Venture Capital Program - (Sec. 201) Requires (under current law, authorizes) the Administrator to participate in the new markets venture capital program (a program under which investment companies provide capital financing to small businesses). Requires a report from the Administrator to Congress evaluating the success of the new markets venture capital program (program, for purposes of this title). (Sec. 202) Requires the Administrator, in selecting companies for program participation, to approve at least one company from each SBA geographic region. (Sec. 203) Requires each conditionally approved company engaged primarily in development of and investment in small manufacturers to raise at least $3 million in capital for such purposes from private investors. (Sec. 204) Makes the SBA definition of "low-income geographic area" the same as the definition of "low-income community" under the Internal Revenue Code. (Sec. 205) Directs the SBA's Chief Counsel for Advocacy to study and report to Congress on the availability of equity capital in low-income urban and rural areas. (Sec. 206) Authorizes the Administrator to make grants to conditionally-approved companies for participation in the program. Includes within authorized SBA operational assistance under the program assistance on how to implement energy efficiency and sustainable practices that reduce the use of non-renewable resources or minimize environmental impact and reduce overall costs and increase health of employees. (Sec. 207) Requires the Administrator to prescribe standard documents for companies applying for final new markets venture capital company approval. (Sec. 208) Eliminates the 30% minimum amount of matching commitments for operational assistance that a program company must raise before receiving final approval. (Sec. 209) Revises the program's operational assistance grant formula. (Sec. 210) Reauthorizes appropriations of $30 million (under current law, $150 million) to fund debenture guarantees and $5 million (under current law, $30 million) for operational assistance grants for FY2008-FY2010. Title III: Angel Investment Program - (Sec. 301) Establishes within the Investment Division of the SBA the Office of Angel Investment, headed by a Director, to provide support for the development of angel investment opportunities for small businesses. Requires the Director to establish and carry out a program, to be known as the Angel Investment Program, to provide financing to approved angel groups. Limits to $2 million the financing to an angel group. Provides a matching funds requirement. Establishes an Angel Investment Fund. Authorizes appropriations. Requires the Director to establish and maintain a searchable database, to be known as the Federal Angel Network, to assist small businesses in identifying angel investors. Authorizes appropriations. Requires: (1) the Director to establish and carry out a program to make grants for the development of new or existing angel groups and to increase awareness and education about angel investing; and (2) each grant recipient to report to the Administrator describing the use of grant funds. Authorizes appropriations. Title IV: Surety Bond Program - (Sec. 401) Directs the Administrator to study and report to Congress on the current funding structure of the SBA's surety bond program. (Sec. 402) Directs the Administrator to carry out the Preferred Surety Bond Program, under which the SBA delegates to the surety complete authority to issue, monitor, and service bonds subject to SBA guaranty without obtaining specific approval from the SBA. Limits the delegation authority term to two years (but allows continual renewals). (Sec. 403) Provides that, for surety bonds made or executed with prior SBA approval, the Administrator shall not deny liability based upon information that was provided as part of the guaranty application. (Sec. 404) Increases from $2 million to $3 million the bond guaranty threshold. (Sec. 405) Provides authorized uses of bond guaranty fee contributions. Title V: Venture Capital Investment Standards - (Sec. 501) Amends the Small Business Act to provide that, for purposes of determining whether a small business is independently owned and operated or meets specified small business size standards, the Administrator shall not consider a business to be affiliated with a venture capital operating company (or with any other business that the venture capital operating company has financed) if: (1) the venture capital operating company does not own 50% or more of the business; and (2) employees of the venture capital operating company do not constitute a majority of the board of directors of the business. Defines a business as "independently owned and operated" if it is owned in majority by natural persons or venture capital operating companies meeting specified requirements, including that there is no single venture capital operating company: (1) that owns 50% or more of the business; and (2) the employees of which constitute a majority of the board of directors of the business. Title VI: Regulations - (Sec. 601) Directs the Administrator to issue revisions to all existing regulations as necessary to ensure their conformity with the amendments made by this Act.

act title small business investment company program sec amends small_business_investment_act increase maximum amounts outstanding leverage available small_business_administration sba small business investment company sbic provides loans small businesses sbics commonly controlled sec increases total debentures participating securities issued sbic guaranteed sba case sbic certifies aggregate investments small businesses majority owned socially economically disadvantaged individuals veterans current members national_guard reserves located low income geographic area sec requires sbic condition application leverage certify aggregate dollar financings provided smaller enterprises sec requires sba administrator consideration investments small businesses creating new technologies manufactured goods materials providing services reduce carbon emissions reduce use non renewable resources minimize environmental impact relate people natural environment sec revises aggregate sba investment limits respect sbics title new markets venture capital program sec requires current law authorizes administrator participate new markets venture capital program program investment companies provide capital financing small businesses requires report administrator congress evaluating success new markets venture capital program program purposes title sec requires administrator selecting companies program participation approve company sba geographic region sec requires conditionally approved company engaged primarily development investment small manufacturers raise million capital purposes private investors sec makes sba definition low income geographic area definition low income community internal revenue code sec directs sba chief counsel advocacy study report congress availability equity capital low income urban rural areas sec authorizes administrator grants conditionally approved companies participation program includes authorized sba operational assistance program assistance implement energy efficiency sustainable practices reduce use non renewable resources minimize environmental impact reduce overall costs increase health employees sec requires administrator prescribe standard documents companies applying final new markets venture capital company approval sec eliminates minimum matching commitments operational assistance program company raise receiving final approval sec revises program operational assistance grant formula sec reauthorizes appropriations million current law million fund debenture guarantees million current law million operational assistance grants fy2008 fy2010 title iii sec establishes headed director provide support development investment opportunities small businesses requires director establish carry program known provide financing approved groups limits million financing group provides matching funds requirement establishes authorizes appropriations requires director establish maintain searchable database known assist small businesses identifying investors authorizes appropriations requires director establish carry program grants development new existing groups increase awareness education investing grant recipient report administrator describing use grant funds authorizes appropriations title surety bond program sec directs administrator study report congress current funding structure sba surety bond program sec directs administrator carry sba delegates surety complete authority issue monitor service bonds subject sba guaranty obtaining specific approval sba limits delegation authority term years allows continual renewals sec provides surety bonds executed prior sba approval administrator shall deny liability based information provided guaranty application sec increases million million bond guaranty threshold sec provides authorized uses bond guaranty fee contributions title sec amends small_business_act provide purposes determining small business independently owned operated meets specified small business size standards administrator shall consider business affiliated venture capital operating company business venture capital operating company financed venture capital operating company business employees venture capital operating company constitute majority board directors business defines business independently owned operated owned majority natural persons venture capital operating companies meeting specified requirements including single venture capital operating company owns business employees constitute majority board directors business title regulations sec directs administrator issue revisions existing regulations necessary ensure conformity amendments act


Summary: Small Business Programs Act of 2007 - Amends the Small Business Act (the Act) to reauthorize for FY2008-FY2009 certain small business assistance programs of the Small Business Administration (SBA) authorized under the Act and the Small Business Investment Act of 1958, including: (1) a disaster mitigation pilot program; (2) general and start-up small business loans; (3) certified development company (CDC) financing; (4) disaster loans; (5) the Service Corps of Retired Executives (SCORE); and (6) grants to microloan program intermediaries and technical assistance providers. Reauthorizes for such fiscal years: (1) the businessLINC grants program; (2) the small business development center (SBDC) program; (3) the women's business center program; (4) the HUBZone (heavily underutilized business zone) program; (5) the Office of Veterans Business Development; (6) the Advisory Committee on Veterans Business Affairs; and (7) the National Women's Business Council.

small business programs act amends small business act act reauthorize fy2008 fy2009 certain small business assistance programs small_business_administration sba authorized act small_business_investment_act including disaster mitigation pilot program general start small business loans certified development company cdc financing disaster loans grants microloan program intermediaries technical assistance providers reauthorizes fiscal years grants program small business development center sbdc program women business center program hubzone heavily underutilized business zone program advisory_committee


Summary: Small Business Contracting Program Improvements Act - Title I: Ensuring Government Contract Opportunities for Small Business Concerns Owned and Controlled by Service-Disabled Veterans - (Sec. 101) Amends the Small Business Act to: (1) permit agencies to enter into contracts with a small business owned and controlled by a service-disabled veteran without first ensuring that there is only one company can perform a contract; and (2) allow contracting officers to decide whether or not to set aside contracts where at least two underutilized business zone (HUBZone) qualified companies could compete for the contract. (Sec. 102) Provides for the assessment of civil penalties against any company that misrepresents itself as a small business owned and controlled by service-disabled veterans for purposes of federal contracting preferences. (Sec. 103) Directs the Administrator of the Small Business Administration (SBA) to comply with Executive Order No. 13360 and provide federal contracting information, training, and other assistance to small businesses owned and controlled by service-disabled veterans. (Sec. 104) Requires the Administrator, in implementing section 101 above, to give a priority to certified service-disabled veterans that are severely disabled. Title II: Protecting Taxpayers and Ensuring Program Consistency - (Sec. 201) Prohibits a small business from receiving SBA federal contracting assistance unless the Administrator has verified, through a background check, that the business owners and officers do not lack business integrity. Provides a presumption of lack of business integrity with respect to previous criminal convictions. (Sec. 202) Includes participants in the section 8(a) general business loan program within the establishment of government-wide goals for small business participation in federal procurement contracts and subcontracts. (Sec. 204) Provides an inflation-based increase to SBA limits on contracts (other than manufacturing contracts) awarded to small businesses without full and open competition. (Sec. 205) Includes any small business as an "interested party" permitted to challenge the eligibility of a small business to receive SBA loan or federal contracting assistance. (Sec. 206) Subjects to debarment from the receipt of future federal contract assistance authorized by this Act any employer found to have engaged in a pattern of hiring or recruiting for employment unauthorized aliens. Title III: Expanding Opportunities for Women Entrepreneurs - (Sec. 301) Revises SBA provisions which authorize a federal contracting officer to restrict contract competition for procurement or service contracts to small businesses owned and controlled by women to: (1) remove limits on the anticipated award price of such contracts; (2) require the Administrator, every five years (currently, only once), to conduct a study to identify industries in which small businesses owned and controlled by women are underrepresented in federal contracting; (3) deem specified industries, until the first of such studies is completed, as underrepresented for such purposes; and (4) include any small business as an "interested party" permitted to challenge whether a small business is owned and controlled by women for purposes of such assistance. Title IV: Strengthening Community Development - (Sec. 401) Requires: (1) an on-site SBA inspection of HUBZone-approved companies before the award of a second contract based on a HUBZone contracting preference; and (2) the SBA to develop procedures to ensure that HUBZone companies notify the SBA prior to their award of a HUBZone contract subject to an inspection. (Sec. 402) Prohibits a small business from obtaining a construction contract under the HUBZone program unless the construction project is located in or near the HUBZone in which the small business has its principal place of business. (Sec. 403) Directs the Administrator to: (1) study the effectiveness of the HUBZone program in reaching rural areas; and (2) report study results to Congress. Title V: Modernizing the 8(a) Program - (Sec. 501) Revises net worth limitations for participation in the SBA's 8(a) loan program as an economically disadvantaged small business to make eligible an owner with a net worth of $550,000 or less (excluding equity in the business or the owner's principal residence). States that once a company has been approved into the program, such approval will last throughout the program term. (Sec. 502) Extends to ten years, with a six-year developmental phase and a four-year transitional phase, the 8(a) program term. (Sec. 503) Requires an annual report from the Administrator to the congressional small business committees on progress toward implementing a requirement to make 8(a) program participants eligible for other federally funded programs for small disadvantaged businesses without having to reapply for such programs. (Sec. 504) Directs the Administrator to: (1) study changes required to provide greater federal contracting assistance to 8(a) program participants that have less equity in their business than other program participants; and (2) report study results to the small business committees. (Sec. 505) Requires the Administrator to: (1) examine the list of groups the members of which are presumed to be socially disadvantaged for purposes of the 8(a) program; (2) consider whether the list should be updated to include additional groups; and (3) report results to Congress. Title VI: Other Matters - (Sec. 601) Requires the Administrator, in determining whether a franchisee is affiliated with a franchiser in the temporary employee services industry, to disregard: (1) whether the franchiser finances the payroll of the temporary staff; or (2) the tax status of such personnel. (Sec. 602) Expresses the sense of the House of Representatives that small business set-asides should not be excluded from any acquisitions under the General Services Administration (GSA) Federal Supply Schedule. (Sec. 603) Directs the Administrator to: (1) conduct a study to determine, with respect to small business contracts, whether incumbent federal contractors submit frivolous protests in order to extend the length of current contracts while such protests are resolved; and (2) report study results to Congress. (Sec. 604) Requires the Administrator to establish an SBA liaison position. (Sec. 605) Prohibits the Administrator or any SBA employee, in carrying out requirements of this Act, from purchasing business-class or first-class airline travel in contravention of Code of Federal Regulations travel requirements for federal employees.

ensuring government contract opportunities small business concerns owned controlled veterans sec amends small_business_act permit agencies enter contracts small business owned controlled service disabled veteran ensuring company perform contract allow contracting officers decide set aside contracts underutilized business zone hubzone qualified companies compete contract sec provides assessment civil penalties company misrepresents small business owned controlled service disabled veterans purposes federal contracting preferences sec directs administrator small_business_administration sba comply executive order provide federal contracting information training assistance small businesses owned controlled service disabled veterans sec requires administrator implementing section priority certified service disabled veterans severely disabled title protecting taxpayers ensuring program consistency sec prohibits small business receiving sba federal contracting assistance administrator verified background check business owners officers lack business integrity provides presumption lack business integrity respect previous criminal convictions sec includes participants section general business loan program establishment government wide goals small business participation federal procurement contracts subcontracts sec provides inflation based increase sba limits contracts manufacturing contracts awarded small businesses open competition sec includes small business interested party permitted challenge eligibility small business receive sba loan federal contracting assistance sec subjects debarment receipt future federal contract assistance authorized act employer found engaged pattern hiring recruiting employment unauthorized aliens title iii expanding opportunities women entrepreneurs sec revises sba provisions authorize federal contracting officer restrict contract competition procurement service contracts small businesses owned controlled women remove limits anticipated award price contracts require administrator years currently conduct study identify industries small businesses owned controlled women underrepresented federal contracting deem specified industries studies completed underrepresented purposes include small business interested party permitted challenge small business owned controlled women purposes assistance title strengthening community development sec requires site sba inspection hubzone approved companies award second contract based hubzone contracting preference sba develop procedures ensure hubzone companies notify sba prior award hubzone contract subject inspection sec prohibits small business obtaining construction contract hubzone program construction project located near hubzone small business principal place business sec directs administrator study effectiveness hubzone program reaching rural areas report study results congress title modernizing program sec revises net worth limitations participation sba loan program economically disadvantaged small business eligible owner net worth excluding equity business owner principal residence states company approved program approval program term sec extends years year developmental phase year transitional phase program term sec requires annual report administrator congressional small business committees progress implementing requirement program participants eligible federally funded programs small disadvantaged businesses having reapply programs sec directs administrator study changes required provide greater federal contracting assistance program participants equity business program participants report study results small business committees sec requires administrator examine list groups members presumed socially disadvantaged purposes program consider list updated include additional groups report results congress title matters sec requires administrator determining franchisee affiliated temporary employee services industry disregard finances payroll temporary staff tax status personnel sec expresses sense house_of_representatives small business set asides excluded acquisitions general_services_administration gsa federal supply schedule sec directs administrator conduct study determine respect small business contracts incumbent federal contractors submit frivolous protests order extend length current contracts protests resolved report study results congress sec requires administrator establish sba liaison position sec prohibits administrator sba employee carrying requirements act purchasing business class class airline travel contravention code federal regulations travel requirements federal employees


Summary: Small Business Growth and Opportunity Act - Amends the Internal Revenue Code to reduce from 10 to seven years the period during which certain built-in gains of subchapter S corporations are subject to tax.

opportunity act amends internal revenue code reduce seven years period certain built gains subchapter corporations subject tax


Summary: Small Business Tax Relief Act of 2007 - Amends the Internal Revenue Code to: (1) make permanent the work opportunity tax credit, the new markets tax credit, and the tax credit for increasing research activities; (2) make permanent accelerated depreciation of qualified leasehold improvement and restaurant property and expensing of environmental remediation expenditures; (3) increase the partial tax exclusion of gain from sales of certain small business stock for noncorporate business taxpayers and businesses in an empowerment zone; (4) permit certain small businesses to elect taxable years ending between April and November; (5) increase the allowable number of S corporation shareholders from 100 to 150; and (6) exempt certain small businesses from the 3% withholding requirement applicable to payments made to such businesses by government entities.

small business tax relief act amends internal revenue code permanent work opportunity tax credit new markets tax credit tax credit increasing research activities permanent accelerated depreciation qualified leasehold improvement restaurant property expensing environmental remediation expenditures increase partial tax exclusion gain sales certain small business stock noncorporate business taxpayers businesses empowerment zone permit certain small businesses elect taxable years ending april november increase allowable number corporation shareholders exempt certain small businesses withholding requirement applicable payments businesses government entities


Summary: Amends the Small Business Act to authorize the Administrator of the Small Business Administration (SBA) to deem a small business a qualified HUBZone (heavily underutilized business zone) small business if such small business has certified to the Administrator that: (1) it is not currently a HUBZone small business; (2) its principal office is located in a census tract adjacent to a HUBZone; (3) at least 35% of the employees reside in a HUBZone; and (4) it meets current SBA requirements applicable to qualified HUBZone small businesses.

amends small_business_act authorize administrator small_business_administration sba deem small business qualified hubzone heavily underutilized business zone small business small business certified administrator currently hubzone small business principal office located census tract adjacent hubzone employees reside hubzone meets current sba requirements applicable qualified hubzone small businesses


Summary: Amends the Small Business Act relating to the Small Business Innovation Research (SBIR) Program (a program under which a portion of a federal agency's research or research and development funds are reserved for award to small businesses) to require certain program directives issued for the general conduct of SBIR programs within the federal government to provide, among other things, that an agency may increase to specified levels amounts awarded in the first and second phases of the SBIR Program. Requires such amounts be adjusted once every five years to reflect economic adjustments and programmatic considerations.

amends small business act relating small_business_innovation_research sbir program program portion federal agency research research development funds reserved award small businesses require certain program directives issued general conduct sbir programs federal government provide things agency increase specified levels amounts awarded second phases requires amounts adjusted years reflect economic adjustments programmatic considerations


Summary: Extends through May 23, 2008, under the same terms and conditions, the authorization for any program, authority, or provision, including any pilot program, that is currently authorized through December 15, 2007, under the Small Business Act or the Small Business Investment Act of 1958.

extends terms conditions authorization program authority provision including pilot program currently authorized december small business act small_business_investment_act


Summary: Amends the Internal Revenue Code to: (1) extend through 2010 increased depreciation allowances for certain business and investment property located in the Gulf Opportunity Zone (GO Zone) (through 2011 for nonresidential real property or residential rental property in the GO Zone); (2) extend through 2012 special rules relating to the depreciation of buildings in the GO Zone; (3) extend through 2010 the tax credit for rehabilitation expenditures in the GO Zone; (4) increase the new markets tax credit limitation in 2008 and 2009 for investments in community development entities serving the GO Zone; (5) extend through 2012, and increase the authority for, tax-exempt bond financing for bonds issued by Louisiana or a political subdivision thereof; (6) authorize the Secretary of Housing and Urban Development to expand an area designated as a renewal community; and (7) extend through 2012 the period for designating areas located in the GO Zone as renewal communities. Amends the Katrina Emergency Tax Relief Act of 2005 to extend for an additional two years the hiring period of employees in the Hurricane Katrina disaster area for purposes of the work opportunity tax credit.

amends internal revenue code extend increased depreciation allowances certain business investment property located zone nonresidential real property residential rental property zone extend special rules relating depreciation buildings zone extend tax credit rehabilitation expenditures zone increase new markets tax credit limitation investments community development entities serving zone extend increase authority tax exempt bond financing bonds issued louisiana political subdivision thereof authorize secretary housing_and_urban_development expand area designated renewal community extend period designating areas located zone renewal communities amends extend additional years hiring period employees hurricane katrina disaster area purposes work opportunity tax credit


Summary: Small Business Regulatory Improvement Act - Revises the Regulatory Flexibility Act. Defines the "economic impact" of a rule to include any direct or indirect economic effects on small entities. Requires initial regulatory flexibility analyses of a proposed rule to contain a detailed statement describing the type of small entities to which the proposed rule will apply.Revises provisions requiring the publication by each agency of a plan for the periodic review of its rules that have a significant impact on a substantial number of small entities to determine whether they should be continued, changed, or rescinded, including to: (1) limit to two years the amount of time the period for reviewing an agency's regulations may be extended; and (2) require each agency to report annually on review results to Congress and to the Administrator of the Office of Information and Regulatory Affairs of the Office of Management and Budget (OMB).Requires an agency to notify the Chief Counsel for Advocacy of the Small Business Administration of any draft rules that may have a significant economic impact on a substantial number of small entities either: (1) when the agency submits a draft rule to the such Office, if submission is required; or (2) if no submission to the Office is so required, at a reasonable time before publication of the rule by the agency.Requires that final regulatory flexibility analyses include the agency's response to any comments filed on a rule by the Chief Counsel and a detailed statement of any changes made as a result.

small business regulatory improvement act revises regulatory flexibility act defines economic impact rule include direct indirect economic effects small entities requires initial regulatory flexibility analyses proposed rule contain detailed statement describing type small entities proposed rule apply revises provisions requiring publication agency plan periodic review rules significant impact substantial number small entities determine continued changed rescinded including limit years time period reviewing agency regulations extended require agency report annually review results congress administrator office_of_information_and_regulatory_affairs office_of_management_and_budget agency notify chief counsel advocacy small_business_administration draft rules significant economic impact substantial number small entities agency submits draft rule office submission required submission office required reasonable time publication rule agency requires final regulatory flexibility analyses include agency response comments filed rule chief counsel detailed statement changes result


Summary: Legislative Branch Recognizes the Value of Service Disabled Veteran-Owned Small Business Act of 2008 - Requires each official responsible for entering into procurement contracts for goods and services for a legislative branch office to ensure that at least 3% of the aggregate value of all contracts entered into during a fiscal year is attributable to contracts awarded to eligible disabled veterans small businesses. Defines "eligible disabled veterans small business" as a small business concern listed on the database maintained by the Secretary of Veterans Affairs as a small business concern owned and controlled by a veteran with a service-connected disability.

disabled veteran owned small business act requires official responsible entering procurement contracts goods services legislative branch office ensure aggregate value contracts entered fiscal year attributable contracts awarded eligible disabled veterans small businesses defines eligible disabled veterans small business small business concern listed database maintained secretary veterans_affairs small business concern owned controlled veteran service connected disability


Summary: Small Business Expensing Temporary Expansion Act of 2008 - Amends the Internal Revenue Code to: (1) increase the expensing allowance for small business depreciable assets to $500,000 between 2008 and 2011; (2) increase the threshold for reductions in the expensing allowance to $2 million between 2008 and 2011; and (3) adjust such higher expensing amounts for inflation between 2008 and 2011.

small business expensing temporary expansion act amends internal revenue code increase expensing allowance small business depreciable assets increase threshold reductions expensing allowance million adjust higher expensing amounts inflation


Summary: Small Business Telework Promotion Act -Directs the Administrator of the Small Business Administration (SBA) to carry out a competitive grant program to raise awareness about telework among small business employers and to encourage such employers to offer telework options to employees. Requires the Administrator to make special efforts to conduct outreach to businesses owned by or employing individuals with disabilities, particularly service-disabled veterans, as well as agencies, groups, or organizations that aid such individuals. Terminates such program at the end of FY2009.

small business telework promotion act administrator small_business_administration sba carry competitive grant program raise awareness telework small business employers encourage employers offer telework options employees requires administrator special efforts conduct outreach businesses owned employing individuals disabilities particularly service disabled veterans agencies groups organizations aid individuals terminates program end fy2009


Summary: Inclusion of Veteran Service Organizations in the National Veterans Business Development Corporation Board Act - Amends Small Business Act provisions establishing a National Veterans Business Development Corporation (Corporation) to: (1) increase from 9 to 11 the number of Corporation voting members; (2) require the chairmen of the congressional small business and veterans' committees to appoint 4 of the 11 voting members, who shall be representatives of a congressionally chartered veterans' service organization or military service organization; (3) prohibit any member of the Corporation's Board of Directors from serving after the expiration of their term; (4) provide for the removal of Board members; (5) require all Board meetings to be public; and (6) require notification to Corporation stakeholders of Board meetings and agendas.

act amends small business act provisions establishing increase number corporation voting members require chairmen congressional small business veterans committees appoint voting members shall representatives congressionally chartered veterans service organization military service organization prohibit member serving expiration term provide removal board members require board meetings public require notification corporation stakeholders board meetings


Summary: Women's Business Ownership Act of 2008 - Establishes the Commission on Women's Business Ownership to review and make recommendations concerning: (1) the status of women business owners nationwide, and the progress made since the 1980 White House Conference on Small Business; (2) the role of the federal government in aid to and promotion of women business owners; and (3) data collection procedures with regard to women-owned businesses and federal initiatives and procurement.

establishes commission women business ownership review recommendations concerning status women business owners nationwide progress role federal government aid promotion women business owners data collection procedures regard women owned businesses federal initiatives procurement


Summary: Science and Technology Innovation Act of 2008 - Amends the Small Business Act to: (1) extend through FY2010 the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs; (2) increase SBIR and STTR set-asides and award levels; (3) prohibit a small business from being excluded from SBIR or STTR program participation due to being owned by more than one equity provider, as long as no single equity provider owns more than 49% of such business; (4) require agency database updates in order to support SBIR and STTR program evaluation and technology utilization; (5) establish an Interagency SBIR/STTR Policy Committee; (6) allow federal agencies to use up to 3% of their SBIR funds for the payment of administrative costs; (7) allow SBIR technical assistance to include the implementation of manufacturing processes and production strategies for utilization; (8) allow federal agencies participating in the SBIR program to enter into agreements with the technical extension or assistance programs of other federal agencies in order to provide small business technical assistance; and (9) increase expenditure limits for the provision of such technical assistance.

amends small business act extend sbir small_business_technology_transfer sttr programs increase sbir sttr set asides award levels prohibit small business excluded sbir sttr program participation owned equity provider long single equity provider owns business require agency database updates order support sbir sttr program evaluation technology utilization establish interagency sbir sttr policy committee allow federal agencies use sbir funds payment administrative costs allow sbir technical assistance include implementation manufacturing processes production strategies utilization allow federal agencies participating sbir program enter agreements technical extension assistance programs federal agencies order provide small business technical assistance increase expenditure limits provision technical assistance