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Ms. MAXINE WATERS of California. I am appreciative to the gentleman from Massachusetts for allowing me to speak on my amendment.
Mr. Chair and Members, a lack of opportunity for Federal contracting is one of the main factors of the widening racial wealth gap. As the Nation's largest employer, the Federal Government has a critical responsibility to focus on increasing minority and female inclusion in the job market; yet, only a fraction of Federal contracts goes to minority- or female-owned businesses. This is partly why the wealth gap and extreme disparities in racial incomes continue.
Amendment No. 49 ensures that we meet important contracting goals by analyzing a 5-year study by the GAO on how the DOD contracts with minority- and female-owned businesses. While there are many ways the government can address the issue of more equitable contracting, one important and more immediate impact, I believe, the Federal Government can have is by providing more opportunities for minority-owned businesses.
The DOD spends roughly $285 billion a year on contracting, more than all Federal agencies combined. With such large purchasing power, it is imperative that these funds are used not only to provide the best services for the Department of Defense, but also to distribute fairly and wisely in all communities.
The study proposed is the first step toward identifying where those opportunities lie for great inclusion. This amendment further emphasizes and underscores the importance of minorities in both our local and national communities.
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