ADAPT Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jul 10, 2014)
American Diversification and Progress in Trade Act of 2014 or the ADAPT Act - Directs the Administrator of the Small Business Administration (SBA) to establish a pilot program to assist in expanding and diversifying the business of small businesses the majority of whose business consists of amounts awarded under federal contracts and subcontracts, particularly in geographic areas, including rural areas, where amounts awarded for federal contracts and subcontracts are a significant driver of the local economy.
Requires the Administrator to report to Congress on how SBA is addressing the need for such small businesses to expand and diversify business during periods of decline in appropriations for federal contracting, including an analysis of how such declines would impact growth among such small businesses, particularly those owned and controlled by service-disabled veterans, women, or socially and economically disadvantaged.
What just happenedJul 10, 2014
Read twice and referred to the Committee on Small Business and Entrepreneurship.
Who’s behind it
- Introduced in SenateJul 10, 2014
- Jul 10, 2014IntroReferral
Read twice and referred to the Committee on Small Business and Entrepreneurship.
- Jul 10, 2014IntroReferral10000
Introduced in Senate