Sec. 122. Increasing meaningful small business participation
170 words·~1 min read·
/bill/116/s/2404/is/section-122A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Except to the extent that the head of the relevant Federal agency determines otherwise— not less than the percentage described in subsection
(b)for the applicable fiscal year of the amounts made available for each covered infrastructure program shall be expended through small business concerns; and not less than the percentage described in subsection
(b)for the applicable fiscal year of the total number of projects that receive assistance under each covered infrastructure program shall be subcontracted through a small business concern. The percentage referred to in each of paragraphs
(1)and
(2)of subsection
(a)is— for fiscal year 2020, 6 percent; for fiscal year 2021, 12 percent; for fiscal year 2022, 19 percent; for fiscal year 2023, 26 percent; and for fiscal year 2024 and each fiscal year thereafter, 33 percent. Not less frequently than once each fiscal year, the Administrator of the Small Business Administration, in consultation with the heads of the relevant Federal agencies, shall submit to Congress a report on the implementation of subsection (a).