Bill Threatens Cuts For Agencies That Short Small Biz

Law360, New York (January 19, 2012, 8:46 PM EST) -- Rep. Bill Owens, D-N.Y., introduced a bill Wednesday that would slash federal agencies' procurement budgets by 10 percent if they fail to award enough contracts to small businesses.

Congress has mandated the federal government aim to award at least 23 percent of the total value of its prime contracts to small businesses every year. But agencies that fail to meet their small business contracting goals do not suffer any consequences, Owens said in a statement.

Under H.R. 3779, or the Small Business Growth and Federal Accountability...
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