Increased Transparency for Federal Contracts Awarded to Small Businesses.
This law mandates greater transparency in federal spending by requiring annual, detailed reports on contracts awarded to small businesses owned by women, service-disabled veterans, and those located in HUBZone areas. The goal is to ensure the government is effectively meeting its targets for supporting these diverse groups of entrepreneurs. This enhances accountability regarding how public funds are spent.
Key points
Requires annual detailed reporting on federal contracts awarded to small businesses owned by women, service-disabled veterans, and businesses in economically distressed (HUBZone) areas.
Reports must track certification numbers, total contract values, and instances of incorrect contract awards, enhancing oversight of public spending.
The changes aim to ensure that programs supporting diverse small enterprises are implemented efficiently and transparently, without authorizing new appropriations.
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens
(explained here).
Start recording it now.