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Increased Transparency and Local Hiring in Military Contracts

New regulations enhance transparency in military construction contract awards, requiring detailed information about contractors and subcontractors to be made public. The act promotes local hiring, potentially boosting local economies where military projects are carried out. Companies employing at least 51% local residents will receive preference.
Key points
More information about military contracts will be publicly available, allowing citizens to track public spending more easily.
Companies undertaking military projects will be encouraged to hire local residents, potentially creating new job opportunities.
Subcontractors will need to publish solicitations for subcontracts valued over $250,000, increasing competition and accessibility for small businesses.
Firms must hold appropriate state licenses to perform construction work, ensuring quality and safety.
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Additional Information
Print number: 117_HR_4321
Sponsor: Rep. Kim, Andy [D-NJ-3]
Process start date: 2021-07-01