Sec. 1. Short title; table of contents
181 words·~1 min read·
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This Act may be cited as the or the Create Opportunities and Networks for Talented, Ready, and Able Contractors To Succeed Act of 2024 . CONTRACTS Act of 2024 The table of contents for this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Definitions. Sec. 3. Database on contract awards to disadvantaged small businesses. Sec. 4. Outreach and recruitment to expand participation of disadvantaged small businesses in Federal contracting. Sec. 5. Determination of the date of commencement of participation in the 8(a) program.
Sec. 6. Inclusion of concerns owned by HBCU business entities in definition of socially and economically disadvantaged small business concern. Sec. 7. Agency OSDBU technical assistance. Sec. 8. Federal disadvantaged small business task force. Sec. 9. Requirements relating to prompt payment, progress payments, and performance-based payments. Sec. 10. Reports on subcontractor engagement. Sec. 11. Modifications to subcontracting plans to enhance opportunities for small business concerns owned and controlled by socially and economically disadvantaged individuals.
Sec. 12. Diversity and inclusion reporting requirements for covered contractors. Sec. 13. Chief Counsel for Advocacy report to Congress.