Bill > HR6320

This bill, the Small Contractor Stability Act of 2020, aims to amend the Small Business Act to increase the caps on sole-source contract awards to certain small business concerns. Specifically, it temporarily allows federal contracting officers to award sole-source contracts (without competitive bidding) to specified small businesses, such as HUBZone small business concerns, small businesses owned and controlled by service-disabled veterans, and women-owned small businesses, as long as the award prices do not exceed the maximum permissible amounts. The bill also increases the caps on these sole-source contracts from $5 million to $10 million for certain contracts and from $3 million to $8 million for others. Additionally, the bill allows participants in the Small Business Administration's 8(a) program to extend their participation by one year.

Business and Industry

https://www.congress.gov/bill/116th-congress/house-bill/6320/all-info