Small Business; changes in definition, regulation by U.S. Small Business Administration. (SB119)

Introduced By

Sen. Chap Petersen (D-Fairfax)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Department of Small Business and Supplier Diversity; definition of small business. Changes the definition of small business to require the business, together with affiliates, to meet the small business size standards established by the regulations of the U.S. Small Business Administration. Currently, a small business is required to have 250 or fewer employees or average annual gross receipts of $10 million or less averaged over the previous three years. Read the Bill »


02/15/2016: Failed to Pass in Committee


12/28/2015Prefiled and ordered printed; offered 01/13/16 16100873D
12/28/2015Referred to Committee on General Laws and Technology
02/08/2016Impact statement from DPB (SB119)
02/15/2016Continued to 2017 in General Laws and Technology (15-Y 0-N) (see vote tally)