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Streamlining Defense Contracts: Easier Access for Small Businesses up to $7.5M.

This law permanently simplifies the process for small businesses and non-traditional contractors to secure Department of Defense contracts. It removes the requirement to submit detailed cost data for agreements valued under $7.5 million, accelerating the adoption of innovative technologies. This reduces bureaucracy and increases opportunities for small enterprises in the national security sector.
Key points
Permanent removal of detailed cost data requirements for defense contracts under $7.5 million.
Easier access to public procurement in the defense sector for small businesses and new technology providers.
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Additional Information
Print number: 118_S_4250
Sponsor: Sen. Rubio, Marco [R-FL]
Process start date: 2024-05-02