Transparency and Predictability in Small Business Opportunities Act

Key Points

• This bill requires the Small Business Administration to create new rules for when the government cancels a contract. If an agency cancels a project that small businesses were eligible to bid on, they must now provide a clear reason why they stopped the process.
• Federal agencies would have to share their future plans for any cancelled project. They must tell the public if they plan to try again later, give a timeline for when that might happen, or explain if the work is being moved into a different, larger contract.
• If a project is cancelled for good, the government must help the small businesses that already spent time and money preparing a bid. Agency officials will be required to help these businesses find other similar government jobs they can apply for instead.
• All of this information must be posted on the main government website used for federal contracting. This makes it easier for small business owners to see what is happening with their bids without having to hunt for answers from different agencies.
• The bill does not give any new money to agencies to do this work. Instead, it requires the Small Business Administration and other federal departments to use their existing budgets and staff to follow these new transparency rules.

Impact Analysis

Govbase has not yet run an impact analysis on this legislation.