Bill > HR7154

This bill, titled the "Streamlining Small Business Contracts Act of 2026," proposes to amend the Small Business Act, a law that supports small businesses, by increasing the dollar threshold for certain sole source contracts. Specifically, it raises the maximum value for these types of contracts from $7,000,000 to $10,000,000. Sole source contracts are agreements where a government agency can award a contract to a single business without competition, often used when a specific small business has unique capabilities or when it's in the government's best interest. This change aims to make it easier for small businesses to secure larger government contracts by expanding the financial scope of these streamlined procurement processes.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/7154/all-info