Federal Contract Clarity and Accountability for Small Businesses and Suppliers Act.
This legislation aims to make it easier for small businesses, including those owned by women and veterans, to secure federal contracts. It mandates that contract notices be written in plain language and easily searchable, increasing transparency in the procurement process. Federal agencies will face stricter accountability measures, including new reporting requirements and mandatory testimony before Congress if they fail to meet high goals for engaging a broad spectrum of small suppliers.
Key points
Federal contract notices must be clear, concise, and easily searchable on SAM.gov, helping small businesses quickly identify opportunities.
New rules limit how agencies can credit a single contract towards multiple small business participation goals, ensuring broader engagement across different categories.
Agencies failing to achieve an "A" grade or above in small business engagement must report and testify to Congress, enhancing accountability.
The "Rule of Two" analysis must be performed before using large multiple award contracts, protecting opportunities for small businesses.
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