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Ensuring Fairness and Efficiency in Federal Subcontracting for Small Businesses.

This law aims to increase transparency and fairness in large federal contracts, specifically benefiting small businesses acting as subcontractors. It mandates that prime contractors must inform subcontractors about contract status and introduces penalties for those who fail to meet small business utilization goals. This ensures taxpayer money supports local small enterprises as intended and promotes accountability in public spending.
Key points
Prime contractors must notify small business subcontractors about the contract status within 30 days of a request.
New financial penalties (loss of incentive fees) for prime contractors who significantly fail to meet small business utilization targets.
Requires studies to strengthen enforcement mechanisms protecting subcontractors and modernize the electronic reporting system.
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Expired
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Additional Information
Print number: 118_S_4750
Sponsor: Sen. Casey, Robert P., Jr. [D-PA]
Process start date: 2024-07-23
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Ensuring Efficiency and Fairness in Federal Subcontracting Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_4750.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-07-23.

What are the main provisions?

Key points include:

  • Prime contractors must notify small business subcontractors about the contract status within 30 days of a request.
  • New financial penalties (loss of incentive fees) for prime contractors who significantly fail to meet small business utilization targets.
  • Requires studies to strengthen enforcement mechanisms protecting subcontractors and modernize the electronic reporting system.
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. Casey, Robert P., Jr. [D-PA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

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

CATEGORIES

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