PROMISE for Small Businesses Act

This bill would change the Small Business Act to require the Small Business Administration to check whether federal contractors follow their required plans for giving subcontracts to small businesses. For each federal agency, the Administrator would have to review at least 10 percent of contracts entered into each fiscal year, covering different types of contracts and subcontracting plans. The Administrator's existing report to Congress would also have to describe, by agency, how well contractors followed their plans, how many compliance reviews were done, and any other actions taken regarding these contractors.

Full text and official record on Congress.gov

Sponsors

• Pablo José Hernández Democrat sponsor
• 1 cosponsors