ABSTRACT

Congressional Budget Office Cost Estimate: H.R. 1873, Small Business Fairness in Contracting Act   [open pdf - 18KB]

From the Summary: "H.R. 1873 would make several changes to the laws that promote and encourage federal agencies to contract for goods and services with small businesses. The legislation would amend the definition of 'bundled contracts' (the practice of combining two or more contracts into a single agreement) for the procurement of goods and services and require agencies to better justify the need for such larger contracts rather than smaller ones that could be available to small businesses. The federal government currently has a goal of acquiring 23 percent of most goods and services from small business. The bill would increase that goal to 30 percent and apply it to each agency individually, as well as to all agencies collectively. H.R. 1873 also would require the Small Business Administration (SBA) to develop new regulations and new databases and to conduct other efforts to encourage and promote the use of small businesses in government contracting. CBO [Congressional Budget Office] estimates that implementing H.R. 1873 would cost $83 million in fiscal year 2008 and $945 million over the 2008-2012 period, subject to the availability of appropriated funds. We expect that most of those costs would fall on the largest agencies the Department of Defense, the Department of Energy, and the National Aeronautics and Space Administration--that have not met the current goal for contracting with small businesses. Enacting the bill would have no effect on direct spending or revenues.'"

Publisher:
Date:
2007-05-07
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: https://www.cbo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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