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Transparency in Government Contracts Act

Source: Congress.gov  ·  676 words in original text
This bill requires the Small Business Administration to break down data about federal contracts awarded to small businesses owned and controlled by socially and economically disadvantaged individuals (people who face barriers to starting or growing businesses because of their race, ethnicity, gender or economic status). The bill also requires similar breakdowns for subcontracts (contracts with other companies to help complete a larger contract) awarded to these same types of small businesses. ##
- The Small Business Administration (federal agency managing small business programs) - Small businesses owned and controlled by socially and economically disadvantaged individuals - Federal agencies awarding contracts to small businesses - The public seeking information about federal contract awards ##
- The Small Business Administration must break down contract data by the race, ethnicity and gender of the owners, or by the type of business structure, for small businesses owned and controlled by socially and economically disadvantaged individuals (Sec. 2(a)(1)(C)) - The Small Business Administration must indicate in reports whether small businesses owned and controlled by socially and economically disadvantaged individuals participate in a program under section 8(a) of the Small Business Act (a federal program providing support to disadvantaged entrepreneurs) (Sec. 2(a)(1)(C)) - The Small Business Administration must also break down subcontract data by the race, ethnicity and gender of owners or business type, to the extent practicable (reasonably possible) (Sec. 2(a)(2)) - The Small Business Administration must indicate whether subcontractors participate in the section 8(a) program (Sec. 2(a)(2)) ##
If this bill becomes law, the Small Business Administration must provide more detailed information about which small businesses owned by disadvantaged individuals receive federal contracts and subcontracts. These reports will show breakdowns by the owners' race, ethnicity and gender rather than combining all such businesses together. The reports will also show which of these businesses participate in the section 8(a) federal assistance program. ##
None explicitly defined in the bill text. ##
The changes apply to reports produced after the date this bill is signed into law (Sec. 2(b)).
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.