ASA Supports the Strengthening Small Business Subcontracting Act
This week, the House passed ASA supported legislation (H.R. 7694), the “Strengthening Small Business Subcontracting Act,” which was unanimously passed and reported out of the U.S. House Committee on Small Business. This bipartisan legislation authored by Reps. Mfume (D-MD) and Stauber (R-MN) revises the language of the Small Business Act to reward prime contractors who have a better history of working with small businesses and abiding by their subcontracting plans submitted to federal agencies when bidding on contracts. This legislation shields small businesses in the contracting space and incentivizes larger federal contractors to honor their commitments to small business subcontractors by making past performance on subcontracting plans a factor in whether a company is awarded future work. Rep. Stauber is the cochair of the Construction Procurement House Caucus and he stated “with each passing year, it’s getting more and more difficult for small businesses to compete for federal contracts. Small businesses are the engine of our economy. In Congress it’s our duty to not only support small businesses, but also to ensure that they have a chance to participate in federal projects. At a time when small businesses are struggling with inflation, a supply chain crisis, and a labor shortage, this legislation will provide them an opportunity for success.” Thank you, Reps. Mfume (D-MD) and Stauber (R-MN) for your prodigious work on this important legislation to the construction subcontractor community.