Bill > HR818

This bill modifies the Small Business Act to enhance the federal government's scorecard program for tracking small business procurement. Specifically, the bill introduces a new requirement for federal agencies to report on "new small business entrants" - defined as small businesses that have been awarded their first prime contract from a federal agency. The scorecard will now include the number of these new entrants across different categories, such as businesses owned by service-disabled veterans, businesses in historically underutilized business zones (HUBZone), businesses owned by socially and economically disadvantaged individuals, and women-owned businesses. The bill requires agencies to compare the number of new small business entrants in each industry classification code between the current and previous fiscal years. The scorecard will continue to use a rating system to evaluate federal agencies' efforts to meet small business contracting goals, but now with this additional metric of tracking first-time contract recipients. The bill does not require additional appropriations, meaning it can be implemented within existing budget allocations.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/818/all-info