Section 1 Short title
This Act may be cited as the “Greater Opportunities for Small Business Act of 2014”.
Greater Opportunities for Small Business Act of 2014
A BILL
To amend the Small Business Act to raise the prime and subcontract goals, and for other purposes.
Sec. 2 Small business prime and subcontract participation goals raised
Goals in subcontracting plans— Section 8(d)(6)(A) of the Small Business Act (15 U.S.C. 637(d)(6)(A)) is amended by inserting after “percentage goals” the following: “of not less than 40 percent”.
Prime contracting goals— Section 15(g)(1)(A)(i) of the Small Business Act (15 U.S.C. 644(g)(1)(A)(i)) is amended by striking “23 percent” and inserting “25 percent”.
Delayed effective date— The amendment made by subsection (a) of this section shall take effect only beginning on the date on which the Administrator of the Small Business Administration has promulgated any regulations necessary, and the Federal Acquisition Regulation has been revised, to implement section 1614 of the National Defense Authorization Act for Fiscal Year 2014 and the amendments made by such section.
Sec. 3 Repeal of certain provision pertaining to accounting of subcontractors
Section 15(g) of the Small Business Act (15 U.S.C. 644(g)) is amended by striking paragraph (3).