Rep. Shri Thanedar Celebrates the Inclusion of "Equitable Contracting and Small Business Advancement Act" in FY24 NDAA
Washington, DC - December 15, 2023 - Congressman Shri Thanedar (MI-13) proudly announces the successful inclusion of his bill, the "Equitable Contracting and Small Business Advancement Act," as an amendment in the Fiscal Year 2024 National Defense Authorization Act (NDAA). This landmark achievement underscores a significant stride towards fostering equity in defense contracting, particularly for small and disadvantaged businesses.
"The inclusion of the 'Equitable Contracting and Small Business Advancement Act' in this year's NDAA is a victory for small businesses," said Congressman Thanedar. "It will help ensure that small businesses,the foundation of our communities, are given fair opportunities to participate in defense contracts, promoting a more inclusive and diverse industrial base."
Key Highlights of the Amendment:
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Requires Mandatory Briefings: The Department of Defense (DoD) will provide Congress with annual briefings on the implementation of category management practices and their impact on small business contracting opportunities.
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Focus on Small Business Empowerment: Emphasis on enhancing contracting opportunities for small and disadvantaged businesses in the defense sector.
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Transparency and Accountability: Increased oversight and reporting on the success and challenges faced by small businesses in defense contracts.
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Promotion of Diversity and Inclusion: Ensuring the DoD's commitment to including a diverse range of small businesses in contracts, thereby fostering economic equality.
"This is more than just a policy change; it's a meaningful step towards creating a more equitable and just economy," added Congressman Thanedar. "Our small businesses deserve every opportunity to succeed, and this amendment in the NDAA is a move in the right direction."
The FY24 NDAA, with the inclusion of this amendment, demonstrates a strong effort to support the nation's defense while championing the cause of small businesses and economic diversity. Congressman Thanedar's leadership and dedication to this cause have been pivotal in this significant legislative achievement.
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