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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.
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Additional Information
Print number: 118_S_3971
Sponsor: Sen. Coons, Christopher A. [D-DE]
Process start date: 2024-03-19
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OFFICIAL LEGAL TITLE

Small Business Contracting Transparency Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3971.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-03-19.

What are the main provisions?

Key points include:

  • 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.
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 Sen. Coons, Christopher A. [D-DE].

What is the latest detailed status?

The latest detailed status is: Placed on Senate Legislative Calendar under General Orders. Calendar No. 407.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Public Investments