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Small Business Support: New Rules for Government Contract Evaluation

This act changes how government agencies evaluate their support for small businesses, especially those owned by women, veterans, disabled individuals, and those in HUBZone areas. It aims to increase transparency and make it easier for small businesses to access government contracts, potentially leading to more business opportunities and jobs.
Key points
Government agencies will need to report more precisely how many contracts go to small businesses, including those owned by women, veterans, and individuals in HUBZone areas.
New evaluation rules will help better monitor whether small business support goals are met, potentially opening new opportunities for entrepreneurs.
The changes aim to make it easier for small businesses, including those from disadvantaged groups, to secure public contracts.
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Additional Information
Print number: 117_HR_9016
Sponsor: Rep. Peters, Scott H. [D-CA-52]
Process start date: 2022-09-28