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BillHR 9051 · 119

Small Business Succession Planning Act

Introduced
May 29, 2026
Cosponsors
1
Traction
0
Last Action
May 29, 2026

Bill Summary

Establishes a program to help small businesses plan for succession, or the transfer of ownership. Requires the development of resources and tools to support small business owners in planning for the future of their businesses.

Sponsored By

Jason Crow
Democrat · Colorado · House

Bill Journey

  1. May 29, 2026
  3. May 29, 2026You Are Here

    The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.

  4. TBD

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  5. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  6. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

This bill affects small business owners, particularly those nearing retirement, by providing them with resources to plan for the transfer of ownership. It also impacts potential buyers or successors of small businesses, such as family members or employees, by helping to ensure a smooth transition of ownership.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
1backer
  • Democratic1
Cross-party cosponsors0 · 0%

Documents

1

Full text opens on congress.gov, the official source.

Bill Details

Bill TypeHouse Bill · Federal
Primary TopicConsumer & Retail
CommitteeCommittee on Small Business
IntroducedMay 29, 2026
Last UpdatedMay 29, 2026
Latest ActionReferred to the Committee on Small Business, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Subjects
  • Retail

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.