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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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Status:
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
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy