Incentivizing Fairness in Subcontracting Act
This bill modifies provisions regarding the credit given to small business prime contractors for the use of certain lower-tier subcontractors in order to attain the percentage goals specified in their subcontracting plans. Such credit may be given if the goals pertain only to single contracts with federal (currently, executive) agencies or to two or more contracts with one or more of such agencies.
In addition, the bill (1) requires each contracting agency to collect and review data on subcontracting plans, and (2) establishes a dispute process for non-payment to subcontractors.
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