Congress·In Committee·H.R. 9051

Small Business Succession Planning Act

Small Business: Succession Planning Support

May 29·View on Congress.gov·Read full text

This bill is one vehicle in a longer effort. See the full story across every version.View effort →

Next up: A house committee

This bill is in the early stages of the legislative process and is currently sitting with the House Committee on Small Business and the Committee on Ways and Means. Since May 28, 2026, no further action has been taken on the proposal. It is common for bills to remain in committee without moving forward.

Legislative Progress

House

Senate

President

Law

Could go either way

It has bipartisan support and addresses a common problem for small businesses, but it is still in the early stages of the committee process.

How we got here

This bill’s path across every version that has carried it.

Reintroduced
Reintroduced from H.R. 5939 (118th), which died when its Congress ended.
H.R. 5939 (118th) →

Key Points

The bill requires the Small Business Administration to create a toolkit and training program to help owners plan for the future. This helps ensure a business can keep running if the owner retires or passes away.
Small business owners could receive a $250 tax credit for creating a succession plan and another $250 once the new owner takes over. These credits are meant to encourage owners to think ahead.
To keep the focus on small businesses, the government can take back the tax credits if a large company buys the business within three years of the plan being made or finished.
The Small Business Administration would be required to have staff in local offices specifically trained to help owners with these plans. They would also focus on helping businesses owned by disadvantaged individuals.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.

Milestones

2 milestones2 actions

May 29, 2026House

Referred 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.

Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.

May 29, 2026

Introduced in House

The bill was officially filed and given a number. It now enters the legislative queue.

No votes, news coverage, or related bills recorded for this bill yet.

Source Information

Document Type

Congressional Bill

Official Title

Small Business Succession Planning Act

Bill NumberHR 9051

Congress119th Congress

ChamberHouse of Representatives

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.

Data Sources

Congress.gov

Official legislative information

Read Full Bill Text

Sponsor

Cosponsors

(1)

R: 1

Analysis generated by AI. Always verify with official sources.