Increased Transparency in Government Contracts for Small Businesses
New rules require the government to collect and publish more detailed data on federal contracts awarded to small businesses owned by socially and economically disadvantaged individuals. This will allow citizens to better understand how public money is spent and whether support reaches those who need it most. It will increase accountability and transparency in public spending.
Key points
The government must provide data on small business contracts, disaggregated by the race, ethnicity, and gender of the owners.
Information will also include whether the business participates in a special small business support program.
Changes apply to both prime contracts and subcontracts, enhancing overall transparency.
Status:
Expired
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