This bill aims to improve transparency and fairness in how large federal contractors use small business subcontractors. It requires the Comptroller General to study how small business participation can be better monitored on major federal contracts within 180 days, and directs the Federal Acquisition Regulatory Council to establish new rules within 18 months requiring prime contractors to notify subcontractors about contract status within 30 days of request, with penalties for contractors who fail to meet small business utilization goals of at least 50 to 75 percent. The legislation also calls for studies on strengthening enforcement mechanisms for subcontracting compliance, improving the government's performance assessment data system to track prime-subcontractor relationships, and directs the Office of Management and Budget to issue guidance within 180 days on expanding outreach to small businesses, including those owned by women, veterans, and disadvantaged entrepreneurs. Additionally, the General Services Administration must develop a plan within one year to modernize the federal electronic subcontracting reporting system and submit it to Congress within 30 days of completion.
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