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More Opportunities for Small Businesses in Government Contracts

This new act aims to boost small business participation in government contracts. Federal agencies will be required to set aside portions of contracts for small businesses, potentially creating more jobs and stimulating local economies. This gives small businesses a better chance to grow and compete with larger entities.
Key points
Government agencies must set aside parts of large contracts specifically for small businesses.
Orders placed under existing contracts must also be reserved for small businesses, unless fewer than two competitive offers are received.
The act intends to support small businesses, which could lead to economic growth and new jobs in communities.
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Expired
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Additional Information
Print number: 118_HR_6320
Sponsor: Rep. Velazquez, Nydia M. [D-NY-7]
Process start date: 2023-11-08
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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

Increase Small Business Utilization Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6320.

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 2023-11-08.

What are the main provisions?

Key points include:

  • Government agencies must set aside parts of large contracts specifically for small businesses.
  • Orders placed under existing contracts must also be reserved for small businesses, unless fewer than two competitive offers are received.
  • The act intends to support small businesses, which could lead to economic growth and new jobs in communities.
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. Velazquez, Nydia M. [D-NY-7].

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 Public Investments