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Government Advertising Equity: Transparency in Small Business Spending

This new act requires federal agencies to report their spending on advertising services, specifically highlighting contracts with minority-owned, women-owned, and disadvantaged small businesses. The goal is to increase transparency and ensure public funds are distributed equitably, potentially creating new opportunities for diverse businesses in the advertising sector.
Key points
Government agencies must annually disclose their advertising expenditures.
Reports will detail how much of these funds go to businesses owned by women, minorities, and disadvantaged small businesses.
These changes take effect from fiscal year 2024, enhancing transparency in public spending.
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Additional Information
Print number: 117_HR_7252
Sponsor: Del. Norton, Eleanor Holmes [D-DC-At Large]
Process start date: 2022-03-28