Ensuring Efficiency and Fairness in Federal Subcontracting Act of 2024
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Summary
This bill establishes requirements and studies to improve federal subcontracting practices and small business utilization. It mandates that prime contractors notify subcontractors of contract status within 30 days of request, requires the Federal Acquisition Regulatory Council to revise procurement regulations to tie performance incentives to small business utilization goals, and directs the Comptroller General to study monitoring of small business use on large federal contracts. The bill also requires the Office of Management and Budget to issue guidance on small business outreach and directs the General Services Administration to develop a modernization plan for the Electronic Subcontracting Reporting System.
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