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Increased Transparency for Small Businesses in Government Contracts

This act introduces new rules for small businesses bidding on government contracts. If a solicitation is cancelled, businesses will receive explanations and information about future plans, increasing their chances of finding similar business opportunities. This aims to reduce uncertainty and wasted time for small enterprises.
Key points
Federal agencies must explain reasons for cancelled solicitations and provide information on reissuance plans or inclusion of requirements in other contracts.
Small businesses that prepared a bid for a cancelled solicitation will receive assistance in identifying similar contracting opportunities if the solicitation is not reissued.
All this information will be publicly accessible, enhancing transparency in the public procurement process.
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Expired
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Additional Information
Print number: 118_HR_8014
Sponsor: Rep. Mfume, Kweisi [D-MD-7]
Process start date: 2024-04-16
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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

Transparency and Predictability in Small Business Opportunities Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8014.

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 2024-04-16.

What are the main provisions?

Key points include:

  • Federal agencies must explain reasons for cancelled solicitations and provide information on reissuance plans or inclusion of requirements in other contracts.
  • Small businesses that prepared a bid for a cancelled solicitation will receive assistance in identifying similar contracting opportunities if the solicitation is not reissued.
  • All this information will be publicly accessible, enhancing transparency in the public procurement process.
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. Mfume, Kweisi [D-MD-7].

What is the latest detailed status?

The latest detailed status is: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3693)

Is this summary verified?

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

CATEGORIES

Economy