H.R. 10622House119th Congress (2025-2027)In Committee

PROMISE for Small Businesses Act

To amend the Small Business Act to require the Administrator to conduct compliance reviews for subcontracting plans, submit a report on subcontracting plans, and for other purposes.

Also known as Prime Review and Oversight to Maximize Implementation of Subcontracting Expectations for Small Businesses Act

AI-Generated Summary

Updated October 2, 2026 at 5:23 AM UTC

The PROMISE for Small Businesses Act changes the Small Business Act to make the Small Business Administration (SBA) Administrator more actively monitor federal subcontracting plans. It requires the Administrator to review at least 10% of a agency’s contracts each fiscal year for compliance with those plans and to report the findings. The bill affects federal agencies, contractors, and small businesses that rely on subcontracting opportunities.

Key Provisions

The SBA Administrator must evaluate no fewer than 10% of all federal contracts each fiscal year to check if contractors are following required subcontracting plans.
The reviews must cover a variety of contract types and subcontracting plans to ensure broad oversight.
The SBA must include in its annual report a breakdown, by agency, of how well contractors complied with subcontracting plans, how many compliance reviews were done, and any additional actions taken to address non‑compliance.

Legislative Activity

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1 earlier action

HouseIntro Referral Latest Action

Referred to the House Committee on Small Business.

Small Business Committee

September 28, 2026

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HouseIntro Referral

Introduced in House

September 28, 2026

HouseIntro Referral

Referred to the House Committee on Small Business.

Small Business Committee

September 28, 2026

Bill Text

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Introduced in HouseIssued September 28, 2026

119th CONGRESS

2d Session

H. R. 10622

IN THE HOUSE OF REPRESENTATIVES

September 28, 2026

Mr. Hernández (for himself and Mr. Cisneros) introduced the following bill; which was referred to the Committee on Small Business

A BILL

To amend the Small Business Act to require the Administrator to conduct compliance reviews for subcontracting plans, submit a report on subcontracting plans, and for other purposes.

Short title

This Act may be cited as the Prime Review and Oversight to Maximize Implementation of Subcontracting Expectations for Small Businesses Act or the PROMISE for Small Businesses Act.

Compliance reviews for subcontracting plans

(a)

In general

Section 8(d) of the Small Business Act (15 U.S.C. 637(d)) is amended by adding at the end the following new paragraph:

(18)

For each Federal agency, the Administrator shall evaluate not less than 10 percent of contracts entered into for a fiscal year for compliance with the subcontracting plan required for such contract under paragraph (4) or (5). The Administrator shall ensure that various types of contracts and subcontracting plans are evaluated pursuant to this paragraph.

(b)

Conforming amendment

Section 8(d)(11)(C) of the Small Business Act (15 U.S.C. 637(d)(11)(C)) is amended by inserting subject to paragraph (18), before evaluate.

Report requirements relating to subcontracting plans

Section 10 of the Small Business Act (15 U.S.C. 639) is amended by inserting after subsection (b) the following:

(c)

Additional requirements

The report required under subsection (a) shall include the following:

(1)

For each contract evaluated under section 8(d) of this Act, a description (disaggregated by Federal agency) of the extent to which the contractor for such contract complied with such plan.

(2)

Efforts made, including the number of compliance reviews conducted, by the Administrator to enhance understanding of noncompliance of such contractors with applicable subcontracting plans.

(3)

Any additional actions, including additional compliance reviews or reviews of subcontracting plans, undertaken by the Administrator with respect to such contractors.