Bipartisan legislation aimed at improving government contracting opportunities for small businesses awaits President Joe Biden’s signature following its passage in the House on Feb. 7.
Called the Promoting Rigorous and Innovative Cost Efficiencies for Federal Procurement and Acquisitions, or PRICE Act, the legislation directs the Department of Homeland Security to compile and publish an annual report on successful projects that have used “innovative procurement techniques.”
“Small businesses make up the foundation of our economy and additional hurdles during the federal contracting process can hinder their growth,” Sen. Gary Peters, D-Mich., said in a statement.
