This bill increases federal government goals for procurement contracts awarded to certain small businesses (e.g., women-owned small businesses and small businesses owned and controlled by socially and economically disadvantaged individuals).
To amend the Small Business Act to modify Govermentwide goals for 
                    certain small business concerns.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. GOVERNMENTWIDE GOALS FOR CERTAIN SMALL BUSINESS CONCERNS.

    Section 15(g)(1)(A) of the Small Business Act (15 U.S.C. 644(g)(1)) 
is amended--
            (1) in clause (ii), by striking ``3 percent'' and inserting 
        ``4 percent'';
            (2) in clause (iii), by striking ``3 percent'' and 
        inserting ``4 percent'';
            (3) in clause (iv), by striking ``at not less than'' and 
        all that follows and inserting the following: ``at not less 
        than--
                                    ``(I) 11 percent of the total value 
                                of all prime contract and subcontract 
                                awards for fiscal year 2022;
                                    ``(II) 12 percent of the total 
                                value of all prime contract and 
                                subcontract awards for fiscal year 
                                2023;
                                    ``(III) 13 percent of the total 
                                value of all prime contract and 
                                subcontract awards for fiscal year 
                                2024; and
                                    ``(IV) 15 percent of the total 
                                value of all prime contract and 
                                subcontract awards for fiscal year 2025 
                                and each fiscal year thereafter.''; and
            (4) in clause (v), by striking ``at not less than'' and all 
        that follows and inserting the following: ``at not less than--
                                    ``(I) 6 percent of the total value 
                                of all prime contract and subcontract 
                                awards for each of fiscal years 2022 
                                and 2023; and
                                    ``(II) 7 percent of the total value 
                                of all prime contract and subcontract 
                                awards for fiscal year 2024 and each 
                                fiscal year thereafter.''.
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To amend the Small Business Act to modify Govermentwide goals for certain small business concerns.
To amend the Small Business Act to modify Govermentwide goals for certain small business concerns.
Official Titles - House of Representatives
Official Title as Introduced
To amend the Small Business Act to modify Govermentwide goals for certain small business concerns.
Rep. Mfume, Kweisi