Representative Gilbert Ray Cisneros, Jr. introduces H.R. 10978: Cutting Red Tape for Small Businesses Act

We have received text from H.R. 10978: Cutting Red Tape for Small Businesses Act. This bill was received on 2026-11-10, and currently has 1 cosponsor.

Here is a short summary of the bill:

This bill would change certain federal small-business contracting rules by removing a paperwork step called a written justification and approval for some contracts awarded to small businesses.

What would change

• For contracts awarded to women-owned small businesses under one part of the Small Business Act, agencies would no longer have to prepare a written justification and approval before making the award.
• It would also remove that requirement for contracts awarded under two other Small Business Act provisions covered by the bill.

Practical effect

In plain terms, the bill is meant to reduce administrative steps in some federal contracting decisions involving small businesses. The main change is that agencies would not need to produce certain written approvals before awarding these contracts, which could make the process faster and less paperwork-heavy.

What it does not change

• It does not create new contracting programs.
• It does not change who qualifies as a small business under existing law.
• It does not change the basic authority of federal agencies to award these contracts.

Relevant Companies

None found

Representative Gilbert Ray Cisneros, Jr. Bill Proposals

Here are some bills which have recently been proposed by Representative Gilbert Ray Cisneros, Jr.:

• H.R.10978: Cutting Red Tape for Small Businesses Act
• H.R.10977: Small Business Tariff Relief Hotline Act
• H.R.10962: Justification Oversight and Opportunities for Main Street Act of 2026
• H.R.10862: Military Suicide Prevention Oversight Act
• H.R.10652: San Gabriel Basin Restoration Fund Reauthorization Act
• H.R.10083: Water Technology and Resilience Reauthorization Act

You can track bills proposed by Representative Gilbert Ray Cisneros, Jr. on Investivoq's politician page for Cisneros.

Representative Gilbert Ray Cisneros, Jr. Net Worth

Investivoq estimates that Representative Gilbert Ray Cisneros, Jr. is worth $84.2M, as of November 12th, 2026. This is the 19th highest net worth in Congress, per our live estimates.

Cisneros has approximately $36.0M invested in publicly traded assets which Investivoq is able to track live.

You can track Representative Gilbert Ray Cisneros, Jr.'s net worth on Investivoq's politician page for Cisneros.

Representative Gilbert Ray Cisneros, Jr. Stock Trading

We have data on up to $92.7M of trades from Representative Gilbert Ray Cisneros, Jr., which we parsed from STOCK Act filings. Some of the largest trades include:

• A February 11th, 2019 sale of up to $500K of $AAPL. The stock has risen 739.59% since then.
• A November 11th, 2025 purchase of up to $250K of $WBI. The stock has risen 7.7% since then.
• A February 9th, 2026 purchase of up to $250K of $TSM. The stock has risen 16.3% since then.
• A July 24th, 2026 sale of up to $250K of $BABA. The stock has fallen 9.47% since then.
• A March 12th, 2026 sale of up to $100K of $DBRG. The stock has risen 4.1% since then.

You can track Representative Gilbert Ray Cisneros, Jr.'s stock trading on Investivoq's politician page for Cisneros.

2026 California's 31st Congressional District Election

There has been approximately $1,109,294 of spending in California's 31st congressional district elections over the last two years, per our estimates.

The rating for this race is currently "Solid D".

You can track this election on our matchup page for the 2026 California's 31st congressional district election.

This article is not financial advice. See Investivoq's disclaimers for more information.