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A bill to amend the Small Business Act to eliminate certain requirements relating to the award of construction subcontracts within the county or State of performance.
12/15/2023, 4:07 PM
Summary of Bill S 1407
Bill 118 s 1407, also known as the Small Business Contracting Improvements Act, aims to make changes to the Small Business Act in order to remove certain restrictions on the awarding of construction subcontracts within a specific county or state. Currently, the Small Business Act requires that construction subcontracts be awarded to small businesses located within the county or state where the construction project is taking place.
This bill seeks to eliminate this requirement in order to promote fair competition and allow for the best possible subcontractors to be chosen based on their qualifications and capabilities, rather than their location. By removing this restriction, the hope is that small businesses will have more opportunities to compete for and win construction subcontracts, leading to increased economic growth and job creation.
Overall, the Small Business Contracting Improvements Act aims to streamline the subcontracting process and create a more level playing field for small businesses in the construction industry. It will be interesting to see how this bill progresses through Congress and what impact it may have on small businesses and the construction sector as a whole.
This bill seeks to eliminate this requirement in order to promote fair competition and allow for the best possible subcontractors to be chosen based on their qualifications and capabilities, rather than their location. By removing this restriction, the hope is that small businesses will have more opportunities to compete for and win construction subcontracts, leading to increased economic growth and job creation.
Overall, the Small Business Contracting Improvements Act aims to streamline the subcontracting process and create a more level playing field for small businesses in the construction industry. It will be interesting to see how this bill progresses through Congress and what impact it may have on small businesses and the construction sector as a whole.
Congressional Summary of S 1407
This bill eliminates a requirement that, to the maximum extent practicable, certain construction subcontracts awarded by the Small Business Administration must be awarded within the county or state where the work is to be performed.
Read the Full Bill
Current Status of Bill S 1407
Bill S 1407 is currently in the status of Bill Introduced since May 2, 2023. Bill S 1407 was introduced during Congress 118 and was introduced to the Senate on May 2, 2023. Bill S 1407's most recent activity was Read twice and referred to the Committee on Small Business and Entrepreneurship. as of May 2, 2023
Bipartisan Support of Bill S 1407
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
4Democrat Cosponsors
2Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 1407
Primary Policy Focus
CommerceAlternate Title(s) of Bill S 1407
A bill to amend the Small Business Act to eliminate certain requirements relating to the award of construction subcontracts within the county or State of performance.
A bill to amend the Small Business Act to eliminate certain requirements relating to the award of construction subcontracts within the county or State of performance.
Comments
Sponsors and Cosponsors of S 1407
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