The Common Repository for Small Businesses Act requires the Department of Defense to create a centralized database of supplier information within 90 days of the bill's enactment. This repository will collect the standard documents and qualifications that the Defense Department typically requires from contractors seeking to do business with it, eliminating the need for small businesses and suppliers to repeatedly submit the same information to multiple prime contractors. The legislation directs the Assistant Secretary of Defense for Industrial Base Policy to develop this repository in coordination with the Defense Department's Office of Small Business Programs, which already provides resources like market research and supply chain support. The bill also allows the Defense Department to partner with private contractors to build and maintain the repository if doing so would reduce redundant work, save time for suppliers, or lower qualification costs. Overall, the measure aims to reduce bureaucratic burden on small manufacturers and contractors trying to enter the defense supply chain.
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