Bill > S2481

This bill, titled the "Women's Small Business Procurement Parity Act," amends the Small Business Act to allow contracting officers to award sole source contracts, meaning contracts awarded to a single bidder without competition, to certain small businesses owned and controlled by women. Specifically, it permits sole source contracts for women-owned small businesses in industries where they are underrepresented or substantially underrepresented, provided the business is deemed responsible, the contract price does not exceed $6.5 million for manufacturing contracts or $4 million for other contracts, and the price is fair and reasonable. The bill also updates reporting requirements to include data on these sole source contracts and accelerates a deadline for a report on underrepresented industries.