Federal · Title 15 — Commerce and Trade

15 U.S.C. § 631b: Reports to Congress; state of small business

Read the full statutory text
examine the current role of small business in the economy on an industry-by-industry basis; present current and historical data on production, employment, investment, population, job creation and retention, annual business failures, annual business startups, and other economic variables for small business in the economy as a whole and for small business in each sector of the economy, with, to the extent practicable, specific statistics divided as to urban, suburban, and rural areas; identify economic trends which will or may affect the small business sector and the state of competition; examine the effects on small business and competition of policies, programs, and activities, including, but not limited to the Internal Revenue Code [ 26 U.S.C. 1 et seq.], the Employee Retirement Income Security Act [ 29 U.S.C. 1001 et seq.], the Securities Act of 1933 [ 15 U.S.C. 77a et seq.], and the Securities Exchange Act of 1934 [ 15 U.S.C. 78a et seq.], and regulations promulgated thereunder; identify problems generated by such policies, programs, and activities; and recommend legislative and administrative solutions to such problems; and recommend a program for carrying out the policy declared in section 631a of this title , together with such recommendations for legislation as he may deem necessary or desirable. The President also shall transmit simultaneously as an appendix to such annual report, a report, by agency and department, on the total dollar value of all Federal contracts exceeding $10,000 in amount and the dollar amount (including the subcontracts thereunder in excess of $10,000) awarded to small, minority-owned, female-owned, and veteran-owned businesses. The President may transmit from time to time to the Congress reports supplementary to the Report on Small Business and Competition, each of which shall include such supplementary or revised recommendations as he may deem necessary or desirable to achieve the policy declared in section 631a of this title . The Report on Small Business and Competition and all supplementary reports transmitted under subsections (b) and (c) of this section shall, when transmitted to Congress, be referred to the Senate Select Committee on Small Business and the Committee on Small Business of the House of Representatives. small business concerns owned and controlled by socially and economically disadvantaged individuals, by gender, as defined pursuant to section 637(d) of this title ; small business concerns owned and controlled by women; and 2 qualified HUBZone small business concern (as defined in section 632(p) 2 So in original. Two pars. (3) have been enacted. 3 of this title). 3 See References in Text note below. 2 small business concerns owned and controlled by veterans, as defined in section 632(q) of this title , and small business concerns owned and controlled by service-disabled veterans, as defined in such section 632(q) of this title .

Verify at the official source: Federal legislative text

Facing this? Know exactly what happens next.

MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.

This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.