Disadvantaged Business Enterprise Supportive Services Expansion Act

Bill 118 HR 4598, also known as the Disadvantaged Business Enterprise Supportive Services Expansion Act, aims to provide additional support and resources to disadvantaged business enterprises (DBEs) in the United States. The bill seeks to expand the services available to DBEs, which are businesses owned and operated by individuals who are socially and economically disadvantaged.

The key provisions of the bill include increasing funding for supportive services such as technical assistance, training, and mentoring programs for DBEs. These services are designed to help DBEs grow and succeed in the competitive marketplace. Additionally, the bill aims to improve access to capital for DBEs by providing financial assistance and loan programs.

Furthermore, the bill includes measures to increase the participation of DBEs in federal contracting opportunities. This includes setting goals for the percentage of federal contracts awarded to DBEs and implementing measures to ensure compliance with these goals. Overall, the Disadvantaged Business Enterprise Supportive Services Expansion Act seeks to level the playing field for DBEs and provide them with the resources and support they need to thrive in the business world. By expanding access to supportive services and increasing opportunities for federal contracting, the bill aims to promote diversity and inclusion in the business community.