This bill requires federal agencies to report detailed information about their spending on advertising contracts, with a particular focus on how much they spend with women-owned, minority-owned, and disadvantaged small businesses. Each executive agency must disclose both actual spending from the previous fiscal year and estimated spending for the upcoming year, broken down by total advertising contracts and specifically by contracts awarded to these targeted business categories. The reporting requirement applies starting with the fiscal year 2025 budget and continues in all subsequent years. The bill does not authorize new spending but rather creates transparency and accountability measures to track whether federal advertising dollars are supporting small businesses owned by women, minorities, and economically disadvantaged entrepreneurs.
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