On November 7, the Senate Small Business and Entrepreneurship Committee approved, 19-0, the Small Business Contracting Revitalization Act (S. 2300), after adopting, by voice vote, a substitute amendment by Chair John Kerry (D-MA). The House passed similar legislation (H.R. 3867) on October 30 (see The Source, 11/2/07). The current SBA authorization (P.L. 110-57) is set to expire on December 15, 2007.
Sponsored by Chair Kerry, S. 2300 would encourage the participation of small businesses in the Small Business Administration’s federal contracting programs. The measure would direct the SBA to implement the Women’s Procurement Program enacted in 2000 as part of the Equity in Contracting for Women Act (P.L. 106-554) within 90 days of the bill’s enactment. It also would require a study on the difficulties women-owned, 8(a), historically underutilized business zones (HUBZones), and service-disabled veteran-owned businesses have in obtaining surety bonds necessary for federal contracting. The bill also would permit the surviving spouse of a service-disabled veteran (SDV) to retain the business’s SDV designation for up to ten years following the veteran’s death.