Small Contractor Stability Act of 2020

2/8/2022, 11:17 PM

Small Contractor Stability Act of 2020

This bill raises the caps on sole-source contracts for specified small businesses, and it temporarily authorizes a federal contracting officer to award sole-source contracts to specified small businesses if the award prices for such contracts will not exceed maximum permissible amounts.

A sole-source contract is a contract that may be issued without a competitive bidding process.

Congress
116
Number
HR - 6320
Introduced on
2020-03-23
# Amendments
0
Sponsors
+5

Variations and Revisions

3/23/2020
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Small Contractor Stability Act of 2020

This bill raises the caps on sole-source contracts for specified small businesses, and it temporarily authorizes a federal contracting officer to award sole-source contracts to specified small businesses if the award prices for such contracts will not exceed maximum permissible amounts.

A sole-source contract is a contract that may be issued without a competitive bidding process.

Alternative Names
Official Title as IntroducedTo amend the Small Business Act to increase caps on sole source contract awards to certain small business concerns, and for other purposes.
Policy Areas
Commerce
Potential Impact
Minority and disadvantaged businesses•
Public contracts and procurement•
Small business•
Women in business

Comments

Related

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Recent Activity

Latest Summary4/17/2020

Small Contractor Stability Act of 2020

This bill raises the caps on sole-source contracts for specified small businesses, and it temporarily authorizes a federal contracting officer to award sole-source contracts to specified small ...

Latest Action3/23/2020
Referred to the House Committee on Small Business.