National Defense Authorization Act includes Small Business Provisions
News - Published Aug 15, 2022
The 2023 National Defense Authorization Act, passed by the U.S. Congress in July 2022, includes several provisions aimed at boosting the ability of small businesses to compete for government contracts.
Those provisions include: a measure clarifying that the existing 10% HUBZone Price Evaluation Preference, allowing for HUBZones to win a competitive procurement if their price is up to 10 percent higher than a competitor, also applies to orders; allowing for businesses in the 8(a) development program to extend their enrollment in the program, which provides training and guidance, for an additional year; adding a reporting requirement to federal Women-Owned Small Business (WOSB) Program; pushing out the deadline for the full transfer of the certification process for veteran-owned (VOSB) and service-disabled veteran owned small businesses (SDVOSB) from the Department of Veterans Affairs to the Small Business Administration; codifying the Scorecard in the Small Business Act, which provides additional data on SBA contracting programs; and extending the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs for a period of two years.
"The federal marketplace is filled with growth opportunities, and we can't allow small businesses to be pushed out of this lucrative sector," said Representative Nydia M. Velázquez, Chairwoman of the House Committee on Small Business, in a statement.
Read a press release from the House Committee on Small Business at https://smallbusiness.house.gov/news/documentsingle.aspx?DocumentID=4357.