Simplifying Subcontracting Act

Bill 118 s 3772, also known as the Simplifying Subcontracting Act, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to streamline the process of subcontracting for federal government contracts.

The bill aims to simplify the subcontracting process by reducing the administrative burden on small businesses that subcontract with larger prime contractors. It seeks to achieve this by standardizing subcontracting reporting requirements and making it easier for small businesses to comply with these requirements.

Additionally, the bill includes provisions to improve transparency and accountability in the subcontracting process. It requires prime contractors to report on their subcontracting activities, including the amount of work subcontracted to small businesses and the payments made to subcontractors. Overall, the Simplifying Subcontracting Act is designed to make it easier for small businesses to participate in federal government contracting opportunities by reducing red tape and improving transparency in the subcontracting process. It is aimed at promoting fair competition and ensuring that small businesses have a level playing field when competing for government contracts.