Legislation· Jun 2025Sponsored by George Latimer (D)
Transparency and Predictability in Small Business Opportunities Act
Requires the SBA to disclose why federal contract bids for small businesses were cancelled.
Tradeoff
Mandates transparency rules for cancelled small-business contract solicitations at no specified cost. Small businesses that bid on cancelled contracts get referrals to find similar opportunities.
What's in it
Costs less than $500,000 over the 2025-2030 period.
The $500,000 is the federal cost to implement the disclosure requirement — the policy's real impact is on the SBA's administrative process of publishing cancellation justifications and timelines, with the stated benefit flowing to small businesses seeking clearer contracting visibility.
Passed the House by on June 3, 2025 — sitting in the Senate.
House
Introduced
(Jan 28, 2025)
House
Committee on Small Business(Jan 28, 2025)
House
The Committee on Small Business voted to send it to the floor
Reported 25 - 0(Mar 5, 2025)
Committee report H. Rept. 119-35.
House
Passage of the bill
Passed by (Jun 3, 2025)
No individual votes were recorded.
Senate
Received from the House
on Small Business and Entrepreneurship(Jun 4, 2025)
- Mark Alford (R-MO)
- Kweisi Mfume (D-MD)
- Maggie Goodlander (D-NH)