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Bill > HR8014


US HR8014

US HR8014
Transparency and Predictability in Small Business Opportunities Act


summary

Introduced
04/16/2024
In Committee
04/17/2024
Crossed Over
06/12/2024
Passed
Dead
01/03/2025

Introduced Session

118th Congress

Bill Summary

AN ACT To require the Administrator of the Small Business Administration to issue rules for cancelled covered solicitations, to amend the Small Business Act to provide assistance to small business concerns relating to certain cancelled solicitations, and for other purposes.

AI Summary

This bill, the Transparency and Predictability in Small Business Opportunities Act, requires the Small Business Administration (SBA) to issue rules within 180 days to disclose information about cancelled solicitations, including the justification for cancellation, plans for reissuing the solicitation or incorporating the requirements into another contract, and procedures for referring affected small businesses to the agency's Director of Small and Disadvantaged Business Utilization for assistance in identifying similar contracting opportunities. The bill also amends the Small Business Act to add this referral assistance as a duty for the Directors. Additionally, the bill states that no additional funding is authorized to carry out the provisions of the Act.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. (on 06/12/2024)

Bill Topics

Banking, Finance, and Domestic Commerce
  • ‐ Small Business
Government Operations
  • ‐ Government Procurement and Contracting

bill text


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