Transparency and Predictability in Small Business Opportunities Act

7/9/2024, 6:56 PM

Transparency and Predictability in Small Business Opportunities Act

This bill requires the Small Business Administration (SBA) to issue rules for disclosing information about federal contract solicitations for which small businesses were eligible and that were issued and cancelled.

Under the rules for such a solicitation, an agency must provide (1) a justification for the cancellation, (2) information about any plans to reissue the solicitation and any associated timeframes, and (3) information about any plans to include the requirements of the solicitation in another contract or task order of the agency.

Additionally, for such solicitations that an agency does not intend to reissue, the SBA must provide procedures for the agency to refer a small business that prepared a bid for such covered solicitation to the Office of Small and Disadvantaged Business Utilization for assistance in identifying similar contracting opportunities.

Congress
118

Number
HR - 8014

Introduced on
2024-04-16

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

6/12/2024

Status of Legislation

Bill Introduced
Introduced to House
Passed in House
Introduced to Senate
Senate to Vote

Purpose and Summary

Transparency and Predictability in Small Business Opportunities Act

This bill requires the Small Business Administration (SBA) to issue rules for disclosing information about federal contract solicitations for which small businesses were eligible and that were issued and cancelled.

Under the rules for such a solicitation, an agency must provide (1) a justification for the cancellation, (2) information about any plans to reissue the solicitation and any associated timeframes, and (3) information about any plans to include the requirements of the solicitation in another contract or task order of the agency.

Additionally, for such solicitations that an agency does not intend to reissue, the SBA must provide procedures for the agency to refer a small business that prepared a bid for such covered solicitation to the Office of Small and Disadvantaged Business Utilization for assistance in identifying similar contracting opportunities.

Alternative Names
Official Title as IntroducedTo require the Administrator of the Small Business Administration to issue rules for cancelled covered solicitations, to amend the Small Business Act to provide assistance to small business concerns relating to certain cancelled solicitations, and for other purposes.

Policy Areas
Commerce

Potential Impact
Government information and archives
Public contracts and procurement
Rule of law and government transparency
Small business

Comments

Recent Activity

Latest Summary6/10/2024

Transparency and Predictability in Small Business Opportunities Act

This bill requires the Small Business Administration (SBA) to issue rules for disclosing information about federal contract solicitations for which small bu...


Latest Action6/12/2024
Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship.