H.R. 5276 (Introduced in House) — To amend the Small Business Act to modify Govermentwide goals for certain small business concerns.

Section 15(g)(1)(A) of the Small Business Act (15 U.S.C. 644(g)(1)) is amended—

(1)

in clause (ii), by striking “3 percent” and inserting “4 percent”;

(2)

in clause (iii), by striking “3 percent” and inserting “4 percent”;

(3)

in clause (iv), by striking “at not less than” and all that follows and inserting the following:

“(I) 11 percent of the total value of all prime contract and subcontract awards for fiscal year 2022;

“(II) 12 percent of the total value of all prime contract and subcontract awards for fiscal year 2023;

“(III) 13 percent of the total value of all prime contract and subcontract awards for fiscal year 2024; and

“(IV) 15 percent of the total value of all prime contract and subcontract awards for fiscal year 2025 and each fiscal year thereafter.”

(4)

in clause (v), by striking “at not less than” and all that follows and inserting the following:

“(I) 6 percent of the total value of all prime contract and subcontract awards for each of fiscal years 2022 and 2023; and

“(II) 7 percent of the total value of all prime contract and subcontract awards for fiscal year 2024 and each fiscal year thereafter.”

To amend the Small Business Act to modify Govermentwide goals for certain small business concerns.