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Bill > HR1693


US HR1693

Improving Contract Procurement for Small Businesses through More Accurate Reporting Act of 2017


summary

Introduced
03/23/2017
In Committee
03/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

Improving Contract Procurement for Small Businesses through More Accurate Reporting Act of 2017 This bill amends the Small Business Act to require the Small Business Administration to report to the President and Congress an analysis of the number and dollar amount of prime contracts awarded by federal agencies each fiscal year to small business concerns, including those: owned and controlled by service-disabled veterans; located in qualified HUBZones; owned and controlled by socially and economically disadvantaged individuals; owned by an Indian tribe, an Alaska Native Corporation, or a Native Hawaiian Organization; or owned and controlled by women. The analyses shall cover all such small business concerns: that were purchased by another entity after the initial contract was awarded and as a result would no longer be deemed to be small business concerns for purposes of the initial contract, and that were awarded using a procurement method that restricted competition to the kinds of small business concerns listed here or a subset of any of them.

AI Summary

This bill amends the Small Business Act to require the Small Business Administration to report more detailed information to the President and Congress on the number and dollar amount of federal prime contracts awarded to certain categories of small business concerns. The key provisions include requiring the reporting of contracts awarded to small businesses that were later purchased by another entity, as well as contracts awarded using procurement methods that restricted competition to specific types of small businesses, such as those owned by service-disabled veterans, located in HUBZones, owned by socially and economically disadvantaged individuals, or owned by women.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Referred to the House Committee on Small Business. (on 03/23/2017)

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