Federal Contracting Fairness Act of 2022

3/13/2024, 6:50 AM

Federal Contracting Fairness Act of 2022

This bill makes various revisions to the Small Business Administration 8(a) Business Development program, which assists small businesses owned by socially and economically disadvantaged individuals participate in federal contracting. For example, the bill (1) allows participants to opt in to a ramp-up period if they meet certain requirements, and (2) increases the threshold for certain sole-source loans.

Congress
117

Number
S - 5044

Introduced on
2022-09-29

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

9/29/2022

Status of Legislation

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

Purpose and Summary

Federal Contracting Fairness Act of 2022

This bill makes various revisions to the Small Business Administration 8(a) Business Development program, which assists small businesses owned by socially and economically disadvantaged individuals participate in federal contracting. For example, the bill (1) allows participants to opt in to a ramp-up period if they meet certain requirements, and (2) increases the threshold for certain sole-source loans.

Alternative Names
Official Title as IntroducedA bill to improve the Federal contracting programs of the Small Business Administration, and for other purposes.

Policy Areas
Commerce

Comments

Recent Activity

Latest Summary9/3/2023

Federal Contracting Fairness Act of 2022

This bill makes various revisions to the Small Business Administration 8(a) Business Development program, which assists small businesses owned by socially and economically disadvantaged indiv...


Latest Action9/29/2022
Read twice and referred to the Committee on Small Business and Entrepreneurship.