Bill > HR2804

This bill aims to codify the "Rule of Two" in the Small Business Act, which means that for any government contract or order over the simplified acquisition threshold (a predefined dollar amount where more complex procurement rules apply), the contracting officer must reserve the contract for small business concerns if they reasonably expect to receive offers from at least two responsible small businesses and can award the contract at a fair market price. By legally establishing this rule, the bill seeks to create more opportunities for small businesses to compete for federal government contracts, ensuring they have a fair chance to bid on and potentially win contracts that might otherwise go to larger companies. This provision is designed to support and protect small business economic participation in government procurement processes.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/2804/all-info