Federal Contracting Fairness Act of 2022

Senate Bill 5044 - Federal Contracting Fairness Act of 2022: Overview, Status, and Impact

Hozzl · 2024-03-13T06:50:55Z

Explore the details of Senate Bill 5044 Federal Contracting Fairness Act of 2022 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Commerce. Stay informed on legislative developments.

3/13/2024, 6:50 AM

Congressional Summary of S 5044

Federal Contracting Fairness Act of 2022

This bill makes various revisions to the Small Business Administration 8(a) Business Development program, which assists small businesses owned by socially and economically disadvantaged individuals participate in federal contracting. For example, the bill (1) allows participants to opt in to a ramp-up period if they meet certain requirements, and (2) increases the threshold for certain sole-source loans.

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Current Status of Bill S 5044

Bill S 5044 is currently in the status of Bill Introduced since September 29, 2022. Bill S 5044 was introduced during Congress 117 and was introduced to the Senate on September 29, 2022. Bill S 5044's most recent activity was Read twice and referred to the Committee on Small Business and Entrepreneurship. as of September 29, 2022