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

Bill: 117-hr-5276
Sponsor: full_name: Rep. Mfume, Kweisi [D-MD-7]
Introduced: 2021-09-17
Policy area: Commerce
Latest action: action_date: 2021-09-17
text: Referred to the House Committee on Small Business.

Summaries:
action_date: 2021-09-17
action_desc: Introduced in House
text: <p>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).</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 5276 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.

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. .