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Small Business Procurement and Utilization Reform Act of 2024

7/9/2024, 6:56 PM

Congressional Summary of HR 7988

Small Business Procurement and Utilization Reform Act of 2024 or the SPUR Act

This bill requires federal agencies to include on their annual scorecard for small business contracting the number of small businesses that receive a prime contract for the first time and are owned and controlled by service-disabled veterans, qualified HUBZone small business concerns, small business concerns owned and controlled by socially and economically disadvantaged individuals, or small business concerns owned and controlled by women. 

Current Status of Bill HR 7988

Bill HR 7988 is currently in the status of Bill Introduced since April 15, 2024. Bill HR 7988 was introduced during Congress 118 and was introduced to the House on April 15, 2024.  Bill HR 7988's most recent activity was Received in the Senate and Read twice and referred to the Committee on Small Business and Entrepreneurship. as of June 12, 2024

Bipartisan Support of Bill HR 7988

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

Policy Area and Potential Impact of Bill HR 7988

Primary Policy Focus

Commerce

Potential Impact Areas

- Economic performance and conditions
- Public contracts and procurement
- Small business
- Veterans' organizations and recognition
- Women in business

Alternate Title(s) of Bill HR 7988

SPUR Act
Small Business Procurement and Utilization Reform Act of 2024
Small Business Procurement and Utilization Reform Act of 2024
SPUR Act
SPUR Act
Small Business Procurement and Utilization Reform Act of 2024
Small Business Procurement and Utilization Reform Act of 2024
SPUR Act
Small Business Procurement and Utilization Reform Act of 2024
To amend the Small Business Act to include requirements relating to new small business entrants in the scorecard program, and for other purposes.

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