This bill requires the Small Business Administration to expand opportunities for small businesses to compete for federal contracts beyond just the Department of Defense to include all federal agencies and departments. Currently, small business contracting programs are limited primarily to defense-related work, but this legislation would open these contracting opportunities government-wide, allowing small firms to bid on contracts across federal agencies. The bill gives the SBA Administrator 180 days after enactment to write new regulations and requires the Federal Acquisition Regulatory Council to update federal procurement rules to implement these changes. The legislation does not specify dedicated funding amounts but aims to create broader market opportunities for small businesses by changing eligibility requirements rather than providing direct financial support. The bill was introduced in June 2023 and referred to the House Committee on Small Business.
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