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More Government Contracts for Small Businesses

This new act increases the U.S. government's goal for the percentage of public contracts awarded to small businesses. This means more business opportunities and potentially greater support for local enterprises, which could lead to new jobs and economic growth in communities.
Key points
The U.S. government's small business contract goal increases from 23% to 25%.
This change takes effect on October 1, 2023, opening new prospects for small businesses.
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Expired
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Additional Information
Print number: 118_HR_3716
Sponsor: Rep. Neguse, Joe [D-CO-2]
Process start date: 2023-05-25
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

SPUR Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3716.

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 2023-05-25.

What are the main provisions?

Key points include:

  • The U.S. government's small business contract goal increases from 23% to 25%.
  • This change takes effect on October 1, 2023, opening new prospects for small businesses.
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 House Committee on Small Business.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Economy