Section 1 Short title
This Act may be cited as the “American Diversification and Progress in Trade Act of 2014” or the “ADAPT Act”.
American Diversification and Progress in Trade Act of 2014
A BILL
To establish a pilot program to assist in expanding and diversifying the business of small business concerns that rely on amounts awarded for Federal contracts and subcontracts.
Sec. 2 Definitions
In this Act—
the terms Administration and Administrator mean the Small Business Administration and the Administrator thereof, respectively;
the term covered small business concern means a small business concern for which the majority of the business of the small business concern consists of amounts awarded under Federal contracts and subcontracts;
the term pilot program means the pilot program established under section 3(a);
the terms small business concern, small business concern owned and controlled by service-disabled veterans, small business concern owned and controlled by women, and small business development center have the meanings given those terms under section 3 of the Small Business Act (15 U.S.C. 632);
the term socially and economically disadvantaged small business concern has the meaning given that term under section 8(a)(4)(A) of the Small Business Act (15 U.S.C. 637(a)(4)(A)); and
the term women's business center means a women's business center described in section 29 of the Small Business Act (15 U.S.C. 656).
Sec. 3 Pilot program
Establishment— Not later than 1 year after the date of enactment of this Act, the Administrator shall establish a pilot program to assist in expanding and diversifying the business of covered small business concerns, particularly in geographic areas, including rural areas, where amounts awarded for Federal contracts and subcontracts are a significant driver of the economy in that area.
Requirements— In carrying out the pilot program, the Administrator shall—
create services and materials that provide best practices, strategies, and other information on expanding and diversifying the customer base of a covered small business concern;
make available on a regular basis and throughout the United States the services provided under the American Supplier Initiative of the Administration, including at small business development centers and women's business centers; and
create a website for businesses that contract with the Federal Government, including covered small business concerns and medium-sized businesses, to easily access information on expanding and diversifying the customer base of the business.
Termination— The pilot program shall terminate on the date that is 2 years after the date on which the pilot program is established.
Reports—
Status of pilot program— Not later than 18 months after the date on which the Administrator establishes the pilot program, the Administrator shall submit to Congress a report on the status of the pilot program.
Administration efforts— Not later than 1 year after the date of enactment of this Act, the Administrator shall submit to Congress a report on how the Administration is addressing the need for covered small business concerns to expand and diversify business during periods of decline in amounts appropriated for Federal contracting, including an analysis of how such declines would impact growth among covered small business concerns, particularly covered small business concerns that are small business concerns owned and controlled by service-disabled veterans, small business concerns owned and controlled by women, and socially and economically disadvantaged small business concerns.