Sec. 10. Reports on subcontractor engagement
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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: Each prime contractor that is not a disadvantaged small business that has been awarded a major prime contract shall submit to the head of the Federal agency that awarded such contract an annual report on subcontracts awarded pursuant to such contract, including— the total number of subcontracts awarded under the contract; the number of subcontracts and a description of such subcontracts awarded to disadvantaged small businesses, disaggregated by demographic characteristics, including the North American Industry Classification System code for each such business; the total dollar value of payments made to subcontractors; and the total dollar value of payments made to disadvantaged small businesses, disaggregated by demographic characteristics.
In this paragraph: The terms demographic characteristics and disadvantaged small business have the meanings given, respectively, in the CONTRACTS Act of 2024. The term major prime contract means— the 50 highest dollar value prime contracts of a Federal agency; and each contract of a Federal agency that has a total dollar value greater than or equal to $10,000,000. . This section and the amendments made by this section shall apply with respect to a major prime contract (as defined in section 8(d)(18) of the Small Business Act ( 15 U.S.C. 637(d) )) entered into on or after the date of the enactment of this section.
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Sec. 10
Reports on subcontractor engagement
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