Improving Contract Procurement for Small Businesses through More Accurate Reporting Act of 2016

Hozzl · 2023-01-11T13:32:18Z

Explore the details of House Bill 4330 Improving Contract Procurement for Small Businesses through More Accurate Reporting Act of 2016 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

1/11/2023, 1:32 PM

Congressional Summary of HR 4330

Improving Contract Procurement for Small Businesses through More Accurate Reporting Act of 2016

This bill amends the Small Business Act to require the Small Business Administration to report to the President and Congress an analysis of the number and dollar amount of prime contracts awarded by federal agencies each fiscal year to small business concerns, including those:

owned and controlled by service-disabled veterans;
located in qualified HUBZones;
owned and controlled by socially and economically disadvantaged individuals;
owned by an Indian tribe, an Alaska Native Corporation, or a Native Hawaiian Organization; or
owned and controlled by women.

The analyses shall cover all such small business concerns:

that were purchased by another entity after the initial contract was awarded and as a result would no longer be deemed to be small business concerns for purposes of the initial contract, and
that were awarded using a procurement method that restricted competition to the kinds of small business concerns listed here or a subset of any of them.

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Current Status of Bill HR 4330

Bill HR 4330 is currently in the status of Bill Introduced since January 6, 2016. Bill HR 4330 was introduced during Congress 114 and was introduced to the House on January 6, 2016. Bill HR 4330's most recent activity was Referred to the House Committee on Small Business. as of January 6, 2016