Committee Passes Legislative Solutions for Small Business Growth in Federal Contracting

Press Release

The Small Business Committee, led by Chairman Sam Graves (R-MO), today conducted a markup of small business bills, including six contracting reform bills that promote more small business opportunities.

"Contracting reform that creates more opportunities for small business is an ongoing legislative priority for the Committee," said Chairman Graves. "Small businesses are integral to economic growth and job creation. Greater small business involvement in federal contracting benefits companies and taxpayers alike. Small firms are innovative, and increased competition often leads to savings for the taxpayers. The legislation passed by the Committee today will continue to encourage small business participation in federal procurement."

Under Chairman Graves' leadership, the Committee has successfully spearheaded comprehensive small business contracting reforms that are now law. The National Defense Authorization Acts of 2013 and 2014 incorporated several Committee-sponsored contracting provisions. These include holding senior agency officials accountable for meeting the small business goals, improving acquisition planning, increasing contacting officer training, preventing contracting fraud by penalizing companies that front for large businesses, and changing limitations on subcontracting to make it easier for small companies to team on larger contracts.

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