Section 1 Short title
This Act may be cited as the “Expanding Contracting Opportunities for Small Businesses Act of 2021”.
Expanding Contracting Opportunities for Small Businesses Act of 2021
A BILL
To amend the Small Business Act to modify the contracting authority for sole source contracts for certain small business concerns, and for other purposes.
Sec. 2 Amendments to contracting authority for certain small business concerns
Socially and economically disadvantaged small business concerns— Section 8(a)(1)(D)(i)(II) of the Small Business Act (15 U.S.C. 637(a)(1)(D)(i)(II)) is amended—
by striking “$7,000,000” and inserting “$10,000,000”; and
by striking “$3,000,000” and inserting “$8,000,000”.
Certain small business concerns owned and controlled by women— Section 8(m) of the Small Business Act (15 U.S.C. 637(m)) is amended—
in paragraph (7)(B)—
in clause (i), by striking “$7,000,000” and inserting “$10,000,000”; and
in clause (ii), by striking “$4,000,000” and inserting “$8,000,000”; and
in paragraph (8)(B)—
in clause (i), by striking “$7,000,000” and inserting “$10,000,000”; and
in clause (ii), by striking “$4,000,000” and inserting “$8,000,000”.
Qualified HUBZone small business concerns— Section 31(c)(2)(A)(ii) of the Small Business Act (15 U.S.C. 657a(c)(2)(A)(ii)) is amended—
in subclause (I), by striking “$7,000,000” and inserting “$10,000,000”; and
in subclause (II), by striking “$3,000,000” and inserting “$8,000,000”.
Small business concerns owned and controlled by service-Disabled veterans— Section 36(c)(2)(A) of the Small Business Act (15 U.S.C. 657f) is amended—
in subparagraph (A), by striking “$7,000,000” and inserting “$10,000,000”; and
in subparagraph (B), by striking “$3,000,000” and inserting “$8,000,000”.
Certain veteran-Owned concerns— Section 8127(c) of title 38, United States Code, is amended by striking “$5,000,000” and inserting “the dollar thresholds under section 36(c)(2)(A) of the Small Business Act”.