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S 1061 115th Congress Senate Commerce Congressional oversight Disability and paralysis Minority and disadvantaged businesses Public contracts and procurement Small business Veterans' education, employment, rehabilitation Women in business

Assuring Contracting Equity Act of 2017

Introduced: May 4, 2017 See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 4, 2017
Introduced in Senate
May 4, 2017
Read twice and referred to the Committee on Small Business and Entrepreneurship.
 Plain-English summary Congressional Research Service

Assuring Contracting Equity Act of 2017

This bill increases from: (1) 23% to 25% the government-wide small business procurement contract goal, (2) 5% to 10% the government-wide procurement goal for small disadvantaged businesses and women-owned businesses, and (3) 3% to 6% the government-wide procurement goal for service-disabled veteran-owned small businesses and HUBZone (Historically Underutilized Business Zone) small businesses. The number of categories is limited for which a small business may qualify under such goals.

The Small Business Administration (SBA) must include in its annual report to the President and Congress on these goals the percentage of participation by small businesses for the total value of all prime contracts and subcontracts awards for a fiscal year, including the value of each contract awarded.

The SBA must consult with the heads of other federal agencies to develop and implement standards for procurement officers to take into consideration the past compliance of potential contractors with small business subcontracting goals when making contract awards.

What's happening now May 4, 2017

Read twice and referred to the Committee on Small Business and Entrepreneurship.

 Committees of jurisdiction 1