Small businesses would see more checks on federal contracts meant for them
This bill, called the PROMISE for Small Businesses Act, would require the Small Business Administration (SBA) to check at least 10% of each federal agency's contracts each year. These checks would make sure that larger companies are following their plans to use small businesses as subcontractors. This aims to improve compliance with subcontracting plans, potentially increasing opportunities for small businesses.
Today, federal contracts often require larger companies to have plans for using small businesses as subcontractors. However, there's no set rule for how often these plans are checked. If this bill becomes law, the Small Business Administration would have to check at least 10% of each federal agency's contracts every year. This would also mean more detailed public reports on how well companies are following their commitments to small businesses.
HR 10622 · 119th Congress · AI Summary by gemini-2.5-flash · 10/10
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