This bill requires federal agencies to make it easier for small businesses to find and understand contract opportunities. Specifically, the legislation mandates that contract notices posted on SAM.gov (the federal contracting website) must include relevant keywords and requirements in their titles or descriptions, and be written in plain, accessible language so small businesses can quickly identify opportunities that match their capabilities. Agencies have 90 days to issue regulations implementing these requirements.
The bill also restructures how federal agencies report on their small business contracting performance, requiring more detailed breakdowns by business type, industry sector, and business maturity level. Agencies that fail to achieve an "A" grade on their small business contracting scorecard must testify before Congress about why they fell short and how they plan to improve. Additionally, the legislation limits how many times agencies can count a single contract toward meeting their small business goals and strengthens requirements for agencies to analyze whether small businesses can compete before using multiple-award contracts or consolidating contract requirements.
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