Bill > S2656

This bill amends the Small Business Act to codify the "Rule of Two," which is a procurement policy that requires federal contracting officers to set aside contracts exclusively for small businesses when two key conditions are met: (1) the contracting officer reasonably expects to receive offers from at least two responsible small business concerns, and (2) the contracting officer believes the contract can be awarded at a fair market price. The rule applies specifically to contracts, task orders, or delivery orders with an anticipated value above the simplified acquisition threshold, which is a predetermined dollar amount that determines when more complex procurement procedures are required. By enshrining this rule into law, the bill aims to provide more opportunities for small businesses to compete for federal government contracts, potentially helping to level the playing field against larger corporations and supporting small business growth and economic participation.

Business and Industry

https://www.congress.gov/bill/119th-congress/senate-bill/2656/all-info