Congress is to be told within 30 days how a limit was set and who it affects
What the document says“the head of that Federal agency shall provide to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business and the Committee on Science, Space, and Technology of the House of Representatives the methodology for setting or changing that limit”
Subparagraph (A) of paragraph (3) sets a report. No later than 30 days after the Director sets or changes a limit, the head of the agency provides three committees with the methodology used, the considerations made in setting or changing the limit, and how many small business concerns are affected by it based on historical data. The committees are the Senate Committee on Small Business and Entrepreneurship and the House Committees on Small Business and on Science, Space, and Technology.
What the document actually says“the head of that Federal agency shall provide to the Committee on Small Business and Entrepreneurship of the Senate and the Committee on Small Business and the Committee on Science, Space, and Technology of the House of Representatives the methodology for setting or changing that limit”
The head of the agency must write to three groups in Congress. The letter says how the cap was worked out.
This is due 30 days after the cap is set or changed. The letter must also give the reasons. And it must say how many firms the cap will hit, based on past years.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.