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PRICE Act: Improving Government Buying and Supporting Small Businesses

This law aims to make the way the U.S. government buys goods and services more efficient by promoting innovative methods and technologies. The goal is to better use taxpayer money and increase opportunities for small businesses to get government contracts.
Key points
The government will test and implement new, more effective ways to make purchases.
The act seeks to help small businesses secure more government contracts.
Government agencies will share best practices for innovative procurement.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_6082
Sponsor: Rep. Neguse, Joe [D-CO-2]
Process start date: 2021-11-26
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Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

PRICE Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6082.

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 2021-11-26.

What are the main provisions?

Key points include:

  • The government will test and implement new, more effective ways to make purchases.
  • The act seeks to help small businesses secure more government contracts.
  • Government agencies will share best practices for innovative procurement.
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. Neguse, Joe [D-CO-2].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Oversight, Management, and Accountability.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Small Business