SPUR Act
Federal agencies will now be graded on how many first-time small businesses they hire for government contracts instead of repeatedly using familiar vendors. Annual agency scorecards must track prime contracts awarded to newcomers across different industries and compare the results to the previous year. The evaluations will specifically tally new contracts awarded to businesses owned by women, service-disabled veterans, and socially and economically disadvantaged individuals, as well as companies in economically distressed communities.
What this bill touches.
Who it helps · who it burdens.
Who it helps
- First-time small business federal contractorsReceive targeted tracking and evaluation in federal agency procurement scorecards, incentivizing federal agencies to award prime contracts to businesses that have not previously won one (Sec. 2).
Who it burdens
- Federal procuring agenciesMust collect data on and be evaluated on the number of first-time small business prime contractors they award contracts to, broken down by industry code and specific demographic categories, without receiving any new funding to carry out the reporting (Sec. 2, Sec. 3).
The provisions, in plain language.
Requires federal agency small business contracting scorecards to track and evaluate the number of first-time small business prime contractors awarded contracts in each industry classification, including breakdowns for service-disabled veteran-owned, HUBZone, disadvantaged, and women-owned businesses, compared to the previous fiscal year.
Prohibits the authorization of any additional federal funds to carry out the requirements of this Act.