Streamlining Small Business Contracts Act of 2026

The Streamlining Small Business Contracts Act would modify how the Small Business Administration awards contracts to small businesses. Specifically, the bill would implement a $10 million threshold for single-source contracts across SBA programs, raising current thresholds that the bill's sponsor argues do not account for inflation and rising costs. The sponsor contends that current thresholds limit competition among small businesses and prevent them from competing for larger contracts that reflect today's economic realities. If enacted, the bill would potentially allow more small businesses to compete for and receive federal contracts without going through competitive bidding processes, up to the $10 million threshold. The bill is currently in committee and has not yet been voted on by the full House.