Transparency and Predictability in Small Business Opportunities Act

To require the Administrator of the Small Business Administration to issue rules for cancelled covered solicitations, to amend the Small Business Act to provide assistance to small business concerns relating to certain cancelled solicitations, and for other purposes. 1. Short title This Act may be cited as the Transparency and Predictability in Small Business Opportunities Act 2. Small Business Administration rules for cancelled covered solicitations (a) In general Not later than 180 days after the date of the enactment of this Act, the Administrator of the Small Business Administration shall issue rules to carry out the following actions: (1) Disclose information about a covered solicitation that was issued and cancelled that includes the following: (A) A justification for the cancellation of such covered solicitation. (B) Available information about any plans to reissue such covered solicitation and any associated timeframes for such reissuance. (C) Available information about any plans to include the requirements such covered solicitation in another contract or task order of the Federal agency. (2) With respect to a cancelled covered solicitation which the Federal agency does not intend to reissue, procedures for the referral of a small business concern that prepared a bid for such covered solicitation to the Director of Small and Disadvantaged Business Utilization (as defined in section 15(k) of the Small Business Act ( 15 U.S.C. 644(k) (b) Publication The information required under subsection (a) shall be made publicly accessible on the single governmentwide point of entry described under section 1708 of title 41, United States Code. (c) Covered solicitation defined The term covered solicitation 3. Duties for Directors of Offices of Small and Disadvantaged Business Utilization relating to certain cancelled solicitations Section 15(k) of the Small Business Act ( 15 U.S.C. 644(k) (1) in paragraph (21), by striking the period at the end and inserting ; and (2) by adding at the end the following new paragraph: (22) shall, when notified by a small business concern that a Federal agency cancelled a solicitation for which such concern prepared a bid and such Federal agency does not intend to reissue, assist such concern with identifying similar contracting opportunities. . 4. Compliance with CUTGO No additional amounts are authorized to be appropriated to carry out this Act or the amendments made by this Act. June 4, 2024 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

Summary: Transparency and Predictability in Small Business Opportunities ActThis bill requires the Small Business Administration (SBA) to issue rules for disclosing information about federal contract solicitations for which small businesses were eligible and that were issued and cancelled.Under the rules for such a solicitation, an agency must provide (1) a justification for the cancellation, (2) information about any plans to reissue the solicitation and any associated timeframes, and (3) information about any plans to include the requirements of the solicitation in another contract or task order of the agency.Additionally, for such solicitations that an agency does not intend to reissue, the SBA must provide procedures for the agency to refer a small business that prepared a bid for such covered solicitation to the Office of Small and Disadvantaged Business Utilization for assistance in identifying similar contracting opportunities.