SPUR Act

This bill would require federal agencies to expand the data reported on their annual small business contracting scorecards. Specifically, agencies would be required to track and report the number of first-time prime contract recipients that are owned by service-disabled veterans, women, or socially and economically disadvantaged individuals, as well as those located in qualified HUBZones.

This bill affects federal agencies, which would be required to track and report specific data regarding first-time prime contract awards on their annual small business contracting scorecards. The legislation also impacts several categories of small business owners, specifically service-disabled veterans, women, socially and economically disadvantaged individuals, and those operating qualified HUBZone small business concerns. These entities are affected by the new requirement to document their participation as first-time recipients of federal prime contracts.

• Expansion of small business contracting scorecards. Requires federal agencies to track and report the number of small businesses receiving a prime contract for the first time within their annual small business contracting scorecards.
• Reporting on specific small business categories. Mandates the inclusion of data for first-time prime contractors that are owned by service-disabled veterans, socially and economically disadvantaged individuals, or women, as well as qualified HUBZone small business concerns.

The bill modifies federal agency reporting requirements for the annual small business contracting scorecard, specifically expanding the data collected for prime contracts awarded to various categories of small business concerns.

The bill aims to enhance transparency regarding federal contracting by requiring agencies to track and report the number of first-time prime contract awards granted to small businesses owned by service-disabled veterans, women, socially and economically disadvantaged individuals, and those located in qualified HUBZones.