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Improved Reporting for Small Business Procurement Goals

This act aims to enhance how government agencies report on their small business procurement goals. This will provide citizens and small business owners with a clearer picture of whether the government is supporting small enterprises, potentially impacting business opportunities and local economic growth.
Key points
More detailed reports: Agencies will need to provide more precise data, such as contract values and the number of small businesses awarded contracts, including first-time recipients.
Analysis of action effectiveness: Reports will include information on actions taken to meet goals and an analysis of their efficacy.
List of best practices: The act requires the creation of a list of best practices for supporting small businesses in the procurement process.
No additional costs: The changes will be implemented without additional funding, using existing resources.
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Additional Information
Print number: 118_HR_4671
Sponsor: Rep. Perez, Marie Gluesenkamp [D-WA-3]
Process start date: 2023-07-17
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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

Corrective Action Report Oversight and Accountability Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4671.

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 2023-07-17.

What are the main provisions?

Key points include:

  • More detailed reports: Agencies will need to provide more precise data, such as contract values and the number of small businesses awarded contracts, including first-time recipients.
  • Analysis of action effectiveness: Reports will include information on actions taken to meet goals and an analysis of their efficacy.
  • List of best practices: The act requires the creation of a list of best practices for supporting small businesses in the procurement process.
  • No additional costs: The changes will be implemented without additional funding, using existing resources.
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. Perez, Marie Gluesenkamp [D-WA-3].

What is the latest detailed status?

The latest detailed status is: Placed on the Union Calendar, Calendar No. 140.

Is this summary verified?

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

CATEGORIES

Economy