Bill 118 s 3539, also known as the Small Business Contracting Fairness Act, aims to address issues related to small businesses competing for government contracts. The bill seeks to ensure that small businesses have a fair chance to compete for and win government contracts by addressing various challenges they face in the contracting process.
One key provision of the bill is the establishment of a mentor-protégé program, which would pair small businesses with larger, more experienced contractors to provide guidance and support in navigating the contracting process. This program is intended to help small businesses build their capacity and increase their competitiveness in securing government contracts.
Additionally, the bill includes measures to improve transparency and accountability in the contracting process, such as requiring agencies to report on their efforts to award contracts to small businesses and to provide explanations for any decisions to award contracts to larger firms instead.
Overall, the Small Business Contracting Fairness Act aims to level the playing field for small businesses seeking government contracts and to ensure that they have a fair opportunity to compete and succeed in the federal contracting marketplace.