Expanded Support for Disadvantaged Small Businesses in Federal Transport Contracts.
This law significantly increases funding and expands training programs designed to help small businesses owned by socially and economically disadvantaged individuals secure federal contracts for highways, public transit, and airport projects. This provides more business opportunities for these specific enterprises and aims to foster greater competition and diversity in federally funded infrastructure projects. The goal is to ensure these firms can compete on an equal basis for lucrative government contracts.
Key points
The funding cap for supportive services for small businesses in highway projects (FHWA) is raised from $10 million to $25 million annually.
New supportive services programs are established to help disadvantaged small businesses compete for contracts related to public transit (FTA) and airport projects (FAA), each authorized up to $5 million annually.
These changes aim to increase the participation of small, disadvantaged businesses in major federal infrastructure projects.
Expired
Additional Information
Print number: 118_S_3377
Sponsor: Sen. Padilla, Alex [D-CA]
Process start date: 2023-11-30