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Modification of Governmentwide Goals for Certain Small Business Concerns

This bill amends the Small Business Act to increase the percentage goals for government contracts awarded to certain small business concerns. It raises specific statutory targets from 3 percent to 4 percent and establishes graduated increases for other categories defined in the Act, reaching up to 15 percent and 7 percent by future fiscal years.
Key points
Increases the goal specified in clause (ii) from 3 percent to 4 percent.
Increases the goal specified in clause (iii) from 3 percent to 4 percent.
Establishes a graduated increase for the goal in clause (iv), reaching 15 percent of contract value by fiscal year 2025.
Establishes a graduated increase for the goal in clause (v), reaching 7 percent of contract value by fiscal year 2024.
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Expired
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Additional Information
Print number: 117_HR_5276
Sponsor: Rep. Mfume, Kweisi [D-MD-7]
Process start date: 2021-09-17
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OFFICIAL LEGAL TITLE

To amend the Small Business Act to modify Govermentwide goals for certain small business concerns.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_5276.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-09-17.

What are the main provisions?

Key points include:

  • Increases the goal specified in clause (ii) from 3 percent to 4 percent.
  • Increases the goal specified in clause (iii) from 3 percent to 4 percent.
  • Establishes a graduated increase for the goal in clause (iv), reaching 15 percent of contract value by fiscal year 2025.
  • Establishes a graduated increase for the goal in clause (v), reaching 7 percent of contract value by fiscal year 2024.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Mfume, Kweisi [D-MD-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Economy Public Investments