Bill > S2178

This bill establishes the Transparency and Accountability in Procurement Act, which aims to better understand the inclusiveness of Massachusetts' marketplace by requiring detailed reporting on procurement activities across various types of organizations. The bill defines key terms such as "Business" (corporations or organizations with annual revenue of $100 million or more), "Minority Business Enterprise" (MBE), "Women Business Enterprise" (WBE), and specifies different types of businesses including certified and non-certified enterprises. The Supplier Diversity Office (SDO) is tasked with creating regulations to collect and report annual procurement data from businesses, nonprofit corporations, state authorities, hospitals, institutions of higher education, and museums. By April 30th each year, the SDO must submit a comprehensive report detailing each organization's procurement activity with both certified and non-certified business enterprises to the governor, lieutenant governor, and the state legislature, and make this report publicly available on their website. The underlying goal is to promote a more inclusive marketplace that offers competitive opportunities for businesses as diverse as the people of Massachusetts.

Budget and Finance, Government Affairs

https://malegislature.gov/Bills/194/S2178