NOW LAW: Ernst-Led Bipartisan Bill to Expand Federal Contracting Opportunities for Small Businesses
RED OAK, Iowa—A bipartisan bill led by U.S. Senator Joni Ernst (R-Iowa), along with U.S. Senator Gary Peters (D-Mich.), to encourage innovation in contracting and expand opportunities for small businesses to work with the federal government has been signed into law.
“Iowa’s small businesses deserve the opportunity to compete and succeed. This bipartisan bill, now law, will ensure employers in our state, and across the country, get their fair shot in the federal contracting process,” said Senator Ernst.
“Every small business in Michigan and across the nation should have an equal opportunity to help serve the American people. That is why it is essential that these businesses – which are the foundation of our economy – have a fair opportunity to win federal contracts,” said Senator Peters. “I’m grateful to President Biden for signing this important legislation into law so that disadvantaged small businesses can compete on a level playing field when it comes to the federal contracting process.”
Small businesses that want to compete in the federal marketplace often face hurdles to participating in government procurement. This is especially true for women-owned, veteran-owned, minority-owned, and other disadvantaged small businesses. The Promoting Rigorous and Innovative Cost Efficiencies for Federal Procurement and Acquisitions (PRICE) Act will ensure that small businesses are front and center in the acquisition process by encouraging government entities to adopt new and innovative practices, increase small business participation in government contracting, modernize the federal acquisition process, and report on how to improve mission outcomes and save taxpayer money.
The law is supported by a broad coalition of groups including Small Business Majority, Association of Procurement Technical Assistance Centers (APTAC), GovEvolve, HUBZone Contractors National Council, and the Women Veterans Business Coalition.
“The HUBZone Contractors National Council commends Senator Peters for leading the PRICE Act. Small business participation in the federal marketplace is key to ensuring a strong industrial base, however, small businesses find that agencies continue to be reluctant to utilize these programs,” said Michelle Burnett, Executive Director. HUBZone Contractors National Council. “The PRICE Act provides increased opportunities for HUBZone companies by encouraging the acquisition workforce to share innovative best practices to increase small business participation across the federal government.”
“Small IT companies are at the forefront of innovation, but often face barriers when selling to the federal government,” said Eminence Griffin, Executive Director, GovEvolve. “The PRICE Act addresses the need for modernizing the federal acquisition system and will be transformative for small business IT contractors around the country. GovEvolve is thrilled to support the PRICE Act and thanks Senators Peters and Ernst for championing this important issue.”
“APTAC is proud to support the PRICE Act. APTAC believes in sharing best practices and the difference it can make for all concerned,” said Terri Williams, President, APTAC. “APTAC members frequently share their own best practices with each other, which lends itself to invaluable information gained from the experience of others. APTAC and its members applaud actions taken for the betterment of Government contracting—for our Government and the private sector.”
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