About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

1 1 (April 13, 2023)

handle is hein.crs/govelgl0001 and id is 1 raw text is: Congressional ____ A*Research Service Federal Small Business Contracting Goals Updated April 13, 2023 Origins Since 1988, the federal government has maintained annual goals for small and small disadvantaged business participation in federal contracting. At that time, Congress required that small businesses receive not less than 20 percent of the total value of all prime contract awards for each fiscal year and that small disadvantaged business (those owned and controlled by socially and economically disadvantaged individuals) receive not less than 5 percent of the total value of all prime contract and subcontract awards for each fiscal year (P.L. 100-656). Congress has since increased the small business contracting goal. Current Small Business Contracting Goals There are five government-wide statutory small business contracting goals set by Congress: Table I. Statutory Contracting Goals Type of Firm Goal Measure of Contract Awards Small Businesses 23% Dollar value of prime contract awards Small Disadvantaged Businesses 5% Dollar value of prime and subcontract awards (criteria for social and economic disadvantage apply) Women-Owned Small Businesses 5% Dollar value of prime and subcontract awards Service-Disabled Veteran-Owned Small Businesses 3% Dollar value of prime and subcontract awards HUB (Historically Underutilized Business) Zone Small Businesses 3% Dollar value of prime and subcontract awards Source: 15 U.S.C. §644(g)(1)(A) Notes: Prime contracts are made directly to a business from an agency, whereas subcontracts are made between prime contractors' businesses. Some federal prime contracts require a contractor to subcontract with small businesses to create more opportunities for those firms. While the above goals were created through legislation, executive action has altered them; for FY2023, agencies must collectively award at least 12% of contract spending to Small Disadvantaged Businesses, Congressional Research Service https://crsreports.congress.gov IN12018 CRS INSIGHT Prepared for Members and Committees of Congress

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline.

Purchase Access

Already a HeinOnline Subscriber?

Log In

profiles profiles most