IB 
Union Calendar No. 140 
118TH CONGRESS 
1ST SESSION H. R. 4671 
[Report No. 118–176] 
To amend the Small Business Act to standardize reporting on procurement 
goals for small business concerns, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 17, 2023 
Ms. PEREZ (for herself and Mr. MEUSER) introduced the following bill; which 
was referred to the Committee on Small Business 
SEPTEMBER 1, 2023 
Reported from the Committee on Small Business; committed to the Committee 
of the Whole House on the State of the Union and ordered to be printed 
[Strike out all after the enacting clause and insert the part printed in italic] 
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A BILL 
To amend the Small Business Act to standardize reporting 
on procurement goals for small business concerns, and 
for other purposes. 
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Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Corrective Action Re-
port Oversight and Accountability Act’’. 
SEC. 2. STANDARDIZATION OF REPORTING ON PROCURE-
MENT GOALS FOR SMALL BUSINESS CON-
CERNS. 
Section 15(h) of the Small Business Act (15 U.S.C. 
644(h))— 
(1) in paragraph (1)— 
(A) in subparagraph (A), by striking ‘‘fis-
cal year;’’ and inserting the following: ‘‘fiscal 
year, including— 
‘‘(i) the percentage of the total value 
of procurement contracts awarded to each 
such type of small business concern de-
scribed in this subparagraph; 
‘‘(ii) the total value of procurement 
contracts awarded to each such concern; 
‘‘(iii) the number of small business 
concerns in each such type of small busi-
ness concern described in this subpara-
graph that was awarded a procurement 
contract by the Federal agency; and 
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‘‘(iv) the number of each such concern 
awarded a procurement contract by the 
Federal agency for the first time;’’; and 
(B) in subparagraph (C), by inserting ‘‘, 
including a discussion of the actions taken to 
implement previously proposed practices to 
meet such goals and an analysis of the efficacy 
of such practices’’ after ‘‘goals’’; and 
(2) in paragraph (2)— 
(A) in subparagraph (D), by striking 
‘‘and’’ at the end; 
(B) by redesignating subparagraphs (E) 
and (F) as subparagraphs (F) and (G), respec-
tively; and 
(C) by inserting after subparagraph (D) 
the following new subparagraph: 
‘‘(E) a list of the best of the practices de-
scribed in paragraph (1)(C);’’. 
SEC. 3. COMPLIANCE WITH CUTGO. 
No additional amounts are authorized to be appro-
priated to carry out this Act or the amendments made 
by this Act. Such Act and amendments shall be carried 
out using amounts otherwise appropriated to the Adminis-
trator of the Small Business Administration. 
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Union Calendar No. 140 
118TH CONGRESS 
1ST SESSION 
H. R. 4671 
[Report No. 118–176] 
A BILL 
To amend the Small Business Act to standardize 
reporting on procurement goals for small busi-
ness concerns, and for other purposes. 
SEPTEMBER 1, 2023 
Committed to the Committee of the Whole House on the 
State of the Union and ordered to be printed 
VerDate Sep 11 2014 
00:28 Sep 02, 2023
Jkt 039200
PO 00000
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