Summary: H.R.2551 — 113th Congress (2013-2014)All Information (Except Text)

There is one summary for H.R.2551. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (06/27/2013)

Expanding Opportunities for Main Street Act of 2013 - Requires a federal agency, to the extent practicable, to award to a small business concern each acquisition contract of more than $3,000 and less than $500,000 (eligible contract). Authorizes a federal department or agency to award an eligible contract as a sole source contract to a small business if at least one small business submits a contract offer. Requires federal contracting officers to provide a determination of and reasons for not awarding an eligible contract to a small business.

Amends the Small Business Act to prohibit considering an individual having net worth of over $1.5 million as economically disadvantaged for purposes of making certain awards to small businesses owned and controlled by socially and economically disadvantaged individuals under the Minority Small Business and Capital Ownership Development Program of the Small Business Administration (SBA).

Redefines the terms "bundled contracts" and "bundling of contract requirements" for purposes of small business participation in federal procurement contracts. Increases federal small business procurement contracting goals.

Requires contractors to provide written justification for not subcontracting with, or substituting another subcontractor for, a small business identified in its subcontracting plan. Requires a federal agency, when considering past compliance of an offeror with subcontracting plans, to consider such offeror's compliance with a goal for use of small businesses owned and controlled by socially and economically disadvantaged individuals in determining that offeror's responsibility for the award of the contract.

Requires the National Director of the Minority Business Development Agency to establish: (1) the Minority Business Development Program to assist qualified minority businesses with technical assistance, loan guarantees, and contract procurement assistance; and (2) a database to assist prime contractors in identifying historically disadvantaged firms for subcontracting. Authorizes the National Director to: (1) enter into agreements to provide set-aside contracting opportunities to minority businesses, and (2) terminate a minority business from the Program for specified violations.