Bill > SB446

This bill creates new provisions to enhance participation of minority and women's business enterprises (MBEs and WBEs) in state contracts by establishing a comprehensive framework for their certification, support, and inclusion. The bill defines minority and women's business enterprises as businesses that are at least 51% owned and controlled by minorities or women, respectively, and introduces a new Minority Business Enterprise and Women's Business Enterprise Oversight Review Committee composed of seven members appointed by the governor, house speaker, senate president, and including an ex officio commissioner. The committee's key responsibilities include compiling a database of certified MBEs and WBEs, recommending contract notification systems, establishing requirements for contractors to notify potential minority and women-owned subcontractors, and proposing sanctions for non-compliance. The bill mandates two separate studies to be completed by December 31, 2026 and 2027, respectively, to assess the availability and participation of socially and economically disadvantaged businesses in state contracts. Additionally, the bill includes a sunset provision that will automatically terminate the program in six years unless reauthorized by the legislature, ensuring periodic review and potential renewal of these provisions. The overall goal is to increase opportunities for minority and women-owned businesses in state contracting by creating structured support and oversight mechanisms.

Government Affairs

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=284