Small Business Procurement And Utilization Reform Act Of 2024
Madam Speaker, I move to suspend the rules and pass the bill (H.R. 7988) to amend the Small Business Act to include requirements relating to new small business entrants in the scorecard program, and for other purposes. Madam Speaker, I ask…
Madam Speaker, I move to suspend the rules and pass the bill (H.R. 7988) to amend the Small Business Act to include requirements relating to new small business entrants in the scorecard program, and for other purposes.
Madam Speaker, I ask unanimous consent that all Members may have 5 legislative days in which to revise and extend their remarks and include extraneous material on the bill.
Madam Speaker, I yield myself such time as I may consume.
Madam Speaker, I rise today in support of H.R. 7988, the Small Business Procurement and Utilization Reform Act of 2024, also known as the SPUR Act, sponsored by Representatives Stauber and Perez.
Small businesses are vital to the health and resiliency of America's industrial base. Broad and robust small business participation ensures that America can continue to lead the world in innovation and defend us against foreign adversaries. However, small businesses are getting squeezed out of the industrial base at a staggering rate, a direct threat to America's dominance.
There are just half as many small businesses participating in the industrial base as there were just a decade ago. This downward trend is a culmination of years of bad government policy and is being made worse by the Biden administration's regulatory onslaught, dissuading small businesses from even considering participating in the Federal marketplace.
The SPUR Act is a critical step into looking under the hood of the government and bringing accountability to agencies. By grading agencies on how many contracts have been awarded to small businesses for the very first time, we will bring together a great focus on reversing the declining participation of small businesses in the industrial base.
Madam Speaker, I urge all of my colleagues to vote for H.R. 7988, and I reserve the balance of my time.
Madam Speaker, I yield such time as he may consume to the gentleman from Minnesota (Mr. Stauber).
Madam Speaker, I yield myself the balance of my time.
Madam Speaker, we must ensure that a greater number of small businesses are entering the government contracting space. By forcing agencies to recognize the shortcomings in awarding contracts to first- time suppliers of the Federal Government, I am hopeful that these numbers will begin to move back in the right direction.
Madam Speaker, I urge all my colleagues to support this commonsense legislation, and I yield back the balance of my time.