Title: To amend the Small Business Act to modify Govermentwide goals for certain small business concerns.
Policy area: Commerce

Summary:
This bill increases federal government goals for procurement contracts awarded to certain small businesses (e.g., women-owned small businesses and small businesses owned and controlled by socially and economically disadvantaged individuals).

[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5276 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 5276

   To amend the Small Business Act to modify Govermentwide goals for 
                    certain small business concerns.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 17, 2021

  Mr. Mfume introduced the following bill; which was referred to the 
                      Committee on Small Business

_______________________________________________________________________

                                 A BILL


 
   To amend the Small Business Act to modify Govermentwide goals for 
                    certain small business concerns.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. GOVERNMENTWIDE GOALS FOR CERTAIN SMALL BUSINESS CONCERNS.

    Section 15(g)(1)(A) of the Small Business Act (15 U.S.C. 644(g)(1)) 
is amended--
            (1) in clause (ii), by striking ``3 percent'' and inserting 
        ``4 percent'';
            (2) in clause (iii), by striking ``3 percent'' and 
        inserting ``4 percent'';
            (3) in clause (iv), by striking ``at not less than'' and 
        all that follows and inserting the following: ``at not less 
        than--
                                    ``(I) 11 percent of the total value 
                                of all prime contract and subcontract 
                                awards for fiscal year 2022;
                                    ``(II) 12 percent of the total 
                                value of all prime contract and 
                                subcontract awards for fiscal year 
                                2023;
                                    ``(III) 13 percent of the total 
                                value of all prime contract and 
                                subcontract awards for fiscal year 
                                2024; and
                                    ``(IV) 15 percent of the total 
                                value of all prime contract and 
                                subcontract awards for fiscal year 2025 
                                and each fiscal year thereafter.''; and
            (4) in clause (v), by striking ``at not less than'' and all 
        that follows and inserting the following: ``at not less than--
                                    ``(I) 6 percent of the total value 
                                of all prime contract and subcontract 
                                awards for each of fiscal years 2022 
                                and 2023; and
                                    ``(II) 7 percent of the total value 
                                of all prime contract and subcontract 
                                awards for fiscal year 2024 and each 
                                fiscal year thereafter.''.
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