Bill 118 s 2144, also known as the "Small Business Contracting Expansion Act," is a piece of legislation that aims to broaden the eligibility criteria for small businesses to qualify for certain government contracts. The bill specifically targets contracts awarded by the Small Business Administration (SBA) and seeks to provide more opportunities for small businesses to compete for and win these contracts.
The main goal of the bill is to increase the number of small businesses that are able to participate in federal contracting opportunities, ultimately promoting economic growth and job creation within the small business sector. By expanding eligibility requirements, the bill aims to level the playing field for small businesses and ensure that they have a fair chance to secure government contracts.
In addition to expanding eligibility criteria, the bill also includes provisions aimed at streamlining the contracting process and reducing barriers that small businesses may face when trying to compete for government contracts. This includes measures to improve access to information about contracting opportunities, as well as efforts to simplify the application and bidding process for small businesses.
Overall, Bill 118 s 2144 is designed to support and empower small businesses by providing them with greater access to federal contracting opportunities. By expanding eligibility requirements and streamlining the contracting process, the bill aims to create a more competitive and inclusive environment for small businesses to thrive and succeed in the government contracting arena.