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Limits on Federal Agencies Crediting Small Business Contracts

This act introduces new rules on how government agencies can count contracts with small businesses towards their goals. The aim is to ensure that more small businesses genuinely benefit from these contracts, rather than just being "double-counted" in statistics. Citizens can expect greater transparency in government spending on small businesses.
Key points
Federal agencies can credit the same small business contract a maximum of two times towards their goals.
The first credit must be applied to the general small business contracting goal.
The second credit can be applied to specific goals, e.g., for veteran-owned or women-owned businesses, if the contract was set aside for them.
If the contract was not set aside for a specific group, the second credit can be used for any applicable goal.
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Additional Information
Print number: 117_HR_7685
Sponsor: Rep. Meuser, Daniel [R-PA-9]
Process start date: 2022-05-06
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OFFICIAL LEGAL TITLE

Truth in Small Business Contracting Credit Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7685.

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 2022-05-06.

What are the main provisions?

Key points include:

  • Federal agencies can credit the same small business contract a maximum of two times towards their goals.
  • The first credit must be applied to the general small business contracting goal.
  • The second credit can be applied to specific goals, e.g., for veteran-owned or women-owned businesses, if the contract was set aside for them.
  • If the contract was not set aside for a specific group, the second credit can be used for any applicable goal.
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. Meuser, Daniel [R-PA-9].

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 2025-12-28.

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