Improving Contract Procurement for Small Businesses through More Accurate Reporting Act of 2016

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Improving Contract Procurement for 
Small Businesses through More Accurate Reporting Act of 2016''.

SEC. 2. REPORTING REQUIREMENTS FOR CERTAIN SMALL BUSINESS CONCERNS.

    Section 15(h)(2)(E) of the Small Business Act (15 U.S.C. 
644(h)(2)(E)) is amended--
            (1) in clause (i)--
                    (A) in subclause (III), by striking ``and'' at the 
                end; and
                    (B) by adding at the end the following new 
                subclauses:
                                    ``(V) that were purchased by 
                                another entity after the initial 
                                contract was awarded and as a result of 
                                the purchase, would no longer be deemed 
                                to be small business concerns for 
                                purposes of the initial contract; and
                                    ``(VI) that were awarded using a 
                                procurement method that restricted 
                                competition to small business concerns 
                                owned and controlled by service-
                                disabled veterans, qualified HUBZone 
                                small business concerns, small business 
                                concerns owned and controlled by 
                                socially and economically disadvantaged 
                                individuals, small business concerns 
                                owned and controlled by women, or a 
                                subset of any such concerns;'';
            (2) in clause (ii)--
                    (A) in subclause (IV), by striking ``and'' at the 
                end; and
                    (B) by adding at the end the following new 
                subclauses:
                                    ``(VI) that were purchased by 
                                another entity after the initial 
                                contract was awarded and as a result of 
                                the purchase, would no longer be deemed 
                                to be small business concerns owned and 
                                controlled by service-disabled veterans 
                                for purposes of the initial contract; 
                                and
                                    ``(VII) that were awarded using a 
                                procurement method that restricted 
                                competition to qualified HUBZone small 
                                business concerns, small business 
                                concerns owned and controlled by 
                                socially and economically disadvantaged 
                                individuals, small business concerns 
                                owned and controlled by women, or a 
                                subset of any such concerns;'';
            (3) in clause (iii)--
                    (A) in subclause (V), by striking ``and'' at the 
                end; and
                    (B) by adding at the end the following new 
                subclauses:
                                    ``(VII) that were purchased by 
                                another entity after the initial 
                                contract was awarded and as a result of 
                                the purchase, would no longer be deemed 
                                to be qualified HUBZone small business 
                                concerns for purposes of the initial 
                                contract; and
                                    ``(VIII) that were awarded using a 
                                procurement method that restricted 
                                competition to small business concerns 
                                owned and controlled by service-
                                disabled veterans, small business 
                                concerns owned and controlled by 
                                socially and economically disadvantaged 
                                individuals, small business concerns 
                                owned and controlled by women, or a 
                                subset of any such concerns;'';
            (4) in clause (iv)--
                    (A) in subclause (V), by striking ``and'' at the 
                end; and
                    (B) by adding at the end the following new 
                subclauses:
                                    ``(VII) that were purchased by 
                                another entity after the initial 
                                contract was awarded and as a result of 
                                the purchase, would no longer be deemed 
                                to be small business concerns owned and 
                                controlled by socially and economically 
                                disadvantaged individuals for purposes 
                                of the initial contract; and
                                    ``(VIII) that were awarded using a 
                                procurement method that restricted 
                                competition to small business concerns 
                                owned and controlled by service-
                                disabled veterans, qualified HUBZone 
                                small business concerns, small business 
                                concerns owned and controlled by women, 
                                or a subset of any such concerns;'';
            (5) in clause (v)--
                    (A) in subclause (IV), by striking ``and'' at the 
                end;
                    (B) in subclause (V), by inserting ``and'' at the 
                end; and
                    (C) by adding at the end the following new 
                subclause:
                                    ``(VI) that were purchased by 
                                another entity after the initial 
                                contract was awarded and as a result of 
                                the purchase, would no longer be deemed 
                                to be small business concerns owned by 
                                an Indian tribe other than an Alaska 
                                Native Corporation for purposes of the 
                                initial contract;'';
            (6) in clause (vi)--
                    (A) in subclause (IV), by striking ``and'' at the 
                end;
                    (B) in subclause (V), by inserting ``and'' at the 
                end; and
                    (C) by adding at the end the following new 
                subclause:
                                    ``(VI) that were purchased by 
                                another entity after the initial 
                                contract was awarded and as a result of 
                                the purchase, would no longer be deemed 
                                to be small business concerns owned by 
                                a Native Hawaiian Organization for 
                                purposes of the initial contract;'';
            (7) in clause (vii)--
                    (A) in subclause (IV), by striking ``and'' at the 
                end;
                    (B) in subclause (V), by striking ``and'' at the 
                end; and
                    (C) by adding at the end the following new 
                subclause:
                                    ``(VI) that were purchased by 
                                another entity after the initial 
                                contract was awarded and as a result of 
                                the purchase, would no longer be deemed 
                                to be small business concerns owned by 
                                an Alaska Native Corporation for 
                                purposes of the initial contract; 
                                and''; and
            (8) in clause (viii)--
                    (A) in subclause (VII), by striking ``and'' at the 
                end;
                    (B) in subclause (VIII), by striking ``and'' at the 
                end; and
                    (C) by adding at the end the following new 
                subclauses:
                                    ``(IX) that were purchased by 
                                another entity after the initial 
                                contract was awarded and as a result of 
                                the purchase, would no longer be deemed 
                                to be small business concerns owned and 
                                controlled by women for purposes of the 
                                initial contract; and
                                    ``(X) that were awarded using a 
                                procurement method that restricted 
                                competition to small business concerns 
                                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 a subset of any such 
                                concerns; and''.

Summary: Improving Contract Procurement for Small Businesses through More Accurate Reporting Act of 2016 This bill amends the Small Business Act to require the Small Business Administration to report to the President and Congress an analysis of the number and dollar amount of prime contracts awarded by federal agencies each fiscal year to small business concerns, including those: owned and controlled by service-disabled veterans, located in qualified HUBZones, owned and controlled by socially and economically disadvantaged individuals. Owned by an Indian tribe, an Alaska Native Corporation, or a Native Hawaiian Organization. Or owned and controlled by women. The analyses shall cover all such small business concerns: that were purchased by another entity after the initial contract was awarded and as a result would no longer be deemed to be small business concerns for purposes of the initial contract, and that were awarded using a procurement method that restricted competition to the kinds of small business concerns listed here or a subset of any of them.