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Federal Contracting Fairness Act of 2022

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

Bipartisan Support of Bill S 5044

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 5044

Primary Policy Focus

Commerce

Alternate Title(s) of Bill S 5044

Federal Contracting Fairness Act of 2022
Federal Contracting Fairness Act of 2022
A bill to improve the Federal contracting programs of the Small Business Administration, and for other purposes.

Comments

Sponsors and Cosponsors of S 5044

Benjamin L. Cardin
Benjamin L. Cardin
MarylandDemocrat
Tammy Duckworth
Tammy Duckworth
IllinoisDemocrat

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