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This bill eliminates federal contracting preferences for socially and economically disadvantaged individuals and businesses. It repeals or amends multiple statutes including the Small Business Act, the Minority Business Development Act of 2021, and provisions in the American Rescue Plan Act and CARES Act that provided set-asides, priority consideration, or targeted support for disadvantaged business enterprises in federal procurement. The bill retains preferences for women-owned and veteran-owned small businesses.
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