Transparency and Predictability in Small Business Opportunities Act

Floor Speech

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Ms. VELAZQUEZ. Madam Speaker, I yield myself such time as I may consume.

Madam Speaker, I rise today to support H.R. 8014, the Transparency and Predictability in Small Business Opportunities Act introduced by Mr. Mfume and Mr. Alford.

This legislation requires the government to provide information to small business contractors when they cancel solicitations.

The government has flexibility to change requirements and solicitations as needed when their circumstances change. While this flexibility is necessary, the small businesses take on the risk and can incur losses when it happens.

Requiring an agency to disclose the reasons behind a cancellation and any plans for the work will provide small contractors with a little more information to adjust their business plans and operations accordingly.

This is a commonsense strategy to provide some relief to small contractors, and that is why I support this bill.

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Ms. VELAZQUEZ. Madam Speaker, I yield such time as he may consume to the gentleman from Maryland (Mr. Mfume), the ranking member of the Oversight, Investigations, and Regulations Subcommittee.

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Ms. VELAZQUEZ. Madam Speaker, I am in support of this bill, and I yield back the balance of my time.

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