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Support for Small Businesses: More Government Contracts for Local Entrepreneurs

This new act aims to make it easier for small businesses to secure government contracts. Public procurements above a certain value will primarily be directed to small businesses if at least two such firms can fulfill them at a fair price. This means more business opportunities and stability for local small businesses, potentially leading to new jobs and economic growth in communities.
Key points
Most government contracts above a set threshold will first be offered to small businesses.
Small businesses will have priority in bids if at least two can perform the work at a fair price.
The act aims to increase small business participation in public procurement, supporting their growth.
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Status: Introduced
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Additional Information
Print number: 119_S_2656
Sponsor: Sen. Markey, Edward J. [D-MA]
Process start date: 2025-08-01