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H. Rept. 118-176 1 (2023-09-01)

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U.GOVERNMENT
INFORMATION .














                    118TH CONGRESS                                         REPORT
                       1st Session    HOUSE   OF REPRESENTATIVES           118-176







                          CORRECTIVE ACTION REPORT OVERSIGHT AND
                                         ACCOUNTABILITY ACT



                    SEPTEMBER 1, 2023.-Committed to the Committee of the Whole House on the State
                                      of the Union and ordered to be printed



                      Mr. WILLIAMS  of Texas, from the Committee  on  Small Business,
                                          submitted  the following


                                             R  E  P  O  R   T

                                           [To accompany H.R. 4671]

                      The  Committee  on Small  Business, to whom  was referred the bill
                    (H.R. 4671) to amend  the Small Business  Act to standardize report-
                    ing on procurement  goals for small business concerns, and for other
                    purposes,  having considered  the same,  reports favorably  thereon
                    without amendment and recommends that the bill do pass.

                                                 CONTENTS
                                                                                    Page
                        I. Purpose and Bill Summary ........................................................................ 1
                        II. N eed  for  Legislation  ..................................................................................  2
                        III. Hearings ....................................................................................................... 2
                        IV. Com m ittee  Consideration  .........................................................................  2
                        V . Com m ittee  V otes  .......................................................................................  2
                        VI. Section-by-Section of H.R. 4671 ................................................................. 5
                      VII. Congressional Budget Office Cost Estimate .............................................  5
                      VIII. New Budget Authority, Entitlement Authority, and Tax Expenditures          5
                      IX. Oversight Findings & Recommendations ..................................................  5
                      X.  Performance Goals and Objectives ........................................................... 5
                      XI. Statement of Duplication of Federal Programs ......................................  6
                      XII. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff
                            Benefits ..................................................................................................... 6
                     XIII. Federal M andates  Statem ent  ...................................................................  6
                     XIV. Federal Advisory Committee Statement ...................................................  6
                     XV.  Applicability to Legislative Branch ........................................................... 6
                     XVI. Statement of Constitutional Authority ...................................................... 6
                     XVII. Changes in Existing Law, Made by the Bill, As Reported ......................  6

                                      I. PURPOSE  AND BILL  SUMMARY

                      H.R.  4671 was  introduced  by Rep. Gluesenkamp Perez (D-WA)
                    and  Rep. Meuser   (R-PA)  on July  17, 2023. The  purpose  of H.R.
                    4671, the  Corrective Action Report  Oversight and  Accountability
                       39-006

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